NewzIntel.com

Category: Asia Pacific

  • MIL-OSI: Assetera, Republic, and SquadApp Join Forces to Revolutionize Global Marketing & Distribution of Real-World Tokens

    Source: GlobeNewswire (MIL-OSI)

    New York, 30th October 2024: Assetera, Europe’s first EU-regulated secondary market for tokenized securities, has teamed up with leading investment firm Republic and influencer marketing platform SquadApp to globalize distribution of tokenized securities, encompassing financial assets and tangible assets. This strategic alliance aims to unlock new opportunities in the tokenized economy and enhances influencer marketing at scale for every token issuer. 

    “With tokenization gaining global regulatory support, content creators will be essential to driving retail adoption. Republic empowers all market participants to trade tokenized securities, safeguarded by the transparency and security of blockchain, said Andrew Durgee, President of Republic.

    Republic’s extensive experience in democratizing access to private investments will play a pivotal role in accelerating the adoption of tokenized assets across global markets. By leveraging Republic’s broad investor base and expertise, this establishes an inclusive, accessible marketplace for tokenized securities, empowering both issuers and investors alike.

    The collaboration will leverage Assetera’s investment and blockchain knowledge, Republic’s experience in connecting investors with businesses to create shared value, and SquadApp’s influencer marketing capabilities to transform how issuers raise awareness and capital for their projects, and distribute to their investor base. According to McKinsey, tokenized market capitalization could reach $2 trillion by 2030, while the influencer marketing industry is expected to grow to $50 billion in the same period.

    “By tokenizing shares or other financial instruments, issuers will be able to allocate assets as part of long-term marketing budgets for partnerships with influencers, effectively creating a new way to finance marketing campaigns”, Anthony Adamovich, Co-founder, CEO SquadApp.

    “This gathering not only facilitates the efficient distribution of tokens, which is a primary concern for issuers, but also provides the 3 million Republic Wallet clients with the opportunity to trade these tokens on Assetera”, Thomas Labenbacher, CEO, Founder Assetera. By integrating these services, Republic enhances the liquidity options available to its users and strengthens its position in the marketplace.
    About Republic

    Headquartered in New York City, Republic is a global financial firm operating a network of retail-focused investment platforms and an enterprise digital advisory arm. With a deep track record of legal and technical innovation, Republic is known for providing access to new asset classes to investors of all types. Backed by Valor Equity Partners, Galaxy Interactive, Hashed, AngelList and other leading institutions, Republic boasts a global portfolio of over 2,000 companies and a community of nearly three million members in over 150 countries. More than $3 billion has been deployed through investment platforms, funds, and firms within the Republic family of companies. Republic has established operations in the US, the UK, EU, the UAE, South Korea, and Singapore.

    About Assetera
    Assetera, regulated by the Austrian Financial Market Authority in the EU, is set to become a game-changer in the digital asset trading space. It will offer a range of tokenized financial instruments, including financial assets and real-world assets (RWAs) such as real estate, art, transferable securities, money market instruments, fund units, and derivatives.
    Assetera provides services to retail and institutional investors, and features a DLT system deployed on the Polygon blockchain to enable trading and atomic settlement. By utilizing blockchain technology, Assetera aims to democratize access to previously illiquid asset classes, providing clients with a secure, transparent, and efficient trading experience.

    About SquadApp
    SquadApp is a US-based, data-driven influencer marketing platform that helps brands connect with influencers globally. Specializing in optimizing campaign effectiveness and maximizing ROI, SquadApp streamlines brand-influencer collaborations, providing businesses with scalable solutions to execute high-impact influencer marketing strategies. SquadApp’s participation in this collaboration will provide tokenized projects with the critical global marketing support needed to reach diverse and global audiences.

    The Vision for Global Impact
    The partnership between Assetera, Republic, and SquadApp introduces a groundbreaking model for project promotion and global token distribution. By tokenizing financial instruments, such as shares and leveraging those assets for influencer marketing campaigns, this initiative creates a novel approach for projects and issuers to  attract investment while simultaneously building global brand visibility. This model is in line with the emerging trends in digital assets, the finance world and decentralized marketing, offering cutting-edge solutions for brands and companies to engage with audiences and thrive in the evolving digital economy.

    For more information or inquiries:
    Contact Information
    Jasmyn Pizzimbono
    PR Lead, Republic
    jasmyn@republic.co

    The MIL Network –

  • MIL-OSI Global: Why Europe should consider putting boots on the ground in Ukraine

    Source: The Conversation – UK – By Viktoriia Lapa, Lecturer, Institute for European Policymaking, Bocconi University

    The mantra “as long as it takes” has become the European Union’s rallying cry in support of Ukraine’s resistance against Russia. Initially, some experts predicted that Ukraine would fall within three days – yet nearly three years have passed, and Ukraine is still standing. This prolonged struggle has come at an immense human cost.

    It’s clear that the decision to resist was made by the Ukrainian population, and they are grateful to the EU for its support. However, hopes that Ukraine can repel the invaders are fading, and there is no clear end in sight. “As long as it takes” for the EU translates, for Ukrainian ears, to “as many of your lives as we can afford to sacrifice”. Ukrainians are weary, even as they hold the front line, but the west has not communicated a commitment to fully engage in stopping Russian aggression and deterring future threats. Instead, it seems focused on a policy of “de-escalation management”. This only emboldens Russia and its allies.

    What is even more concerning is the absence of a coherent strategy for managing Russia. What would the EU do in the event that the war were to magically end tomorrow? Is there a plan in place, or will EU leaders simply offer Russia a reset?

    The EU has excelled in rhetoric when it comes to Ukraine but has fallen short in delivering military support. It remains reluctant to draw firm red lines for Russia as a response to attacks on European soil or to adopt a more assertive stance.

    The supply of shells to Ukraine is a case in point. The EU pledged to supply 1 million rounds of ammunition by March 2024, but by January, Josep Borrell, the EU’s foreign affairs chief, admitted that the bloc would only deliver half of that on time while committing to send 1.1 million shells by the year’s end. To address this shortfall, Czech president Petr Pavel proposed an initiative at the Munich Security Conference in February, aiming to provide 800,000 shells to Ukraine by the year’s end, sourcing ammunition globally instead of solely from EU manufacturers. By August 2024, the EU had sent Ukraine only 650,000 shells out of the promised 1 million.

    Various news outlets have reported that the result is a grim picture on the front line, where for every shell fired by Ukraine, Russian forces are firing ten or more.

    Additionally, the EU has been reluctant to take decisive action, even in response to Russian attacks on its territory. Recent incidents, such as a narrowly avoided plane crash in Germany attributed to suspected sabotage, reflect a troubling increase in aggressive behaviour from Russian saboteurs. The only response so far has been a relatively weak sanctions framework to be used on those involved in such attacks.

    A strategy for the future

    The EU must adopt a proactive approach to securing peace in Ukraine, recognising that Russia is currently unwilling to negotiate – but would also never negotiate from a position of weakness.

    A clear strategy – including security guarantees for Ukraine, preferably through a pathway to Nato membership – could help put pressure on Russia and facilitate negotiations. It’s clear that bringing Ukraine into Nato might take years, but in the meantime, European countries should consider deploying troops to Ukraine as a security guarantee for this interim period.

    As the Lithuanian minister of foreign affairs, Gabrielius Landsbergis, rightly said: “At the beginning of the year, Emmanuel Macron hinted at putting boots on the ground. At the end of the year, North Korea had actually done so. We are still on the back foot, reacting to escalation instead of reversing it. Macron’s ideas should now be revisited – better late than never.”

    Security agreements do of course exist between Ukraine and its EU and G7 partners, but not a single country has hinted at a possibility of providing, as a guarantee for peace, such a security guarantee as “troops on the ground”. EU countries must consider this seriously.

    And with a view to what happens after the Russian aggression in Ukraine, the EU needs at least the beginnings of an idea about what its terms would be for re-engaging with Russia. Otherwise it risks enabling Russia to set its own terms.

    The situation on the ground is dire. While the west boasts economic strength, it lacks visionary leadership and political will. It should not allow Russia to take the lead and must adopt a clear strategy for Ukraine’s victory. Otherwise, we are heading toward the scenario described by Timothy Garton Ash in his Financial Times article advocating for Ukraine’s accession to Nato:

    Consider the alternative. A defeated, divided, demoralized, depopulated Ukraine, pulsating with anger against the West and – as Zelenskyy hinted last week – probably seeking to acquire nuclear weapons. Moscow triumphant. The rest of the world concluding that the West is a paper tiger. Xi Jinping encouraged to have a go at Taiwan. Biden and Harris going down in history as the leaders who ‘lost Ukraine’.

    One could add: the EU faces disintegration, regressing to its pre-union state. Ursula von der Leyen is remembered as the leader whose “as long as it takes” policy resulted in an epic failure to secure a safer future for Europe and Ukraine. Does the west want to see itself in this way?

    Viktoriia Lapa is an Affiliated Scholar at the Center for Constitutional Studies and Democratic Development, a research partnership between the School of Law of the University of Bologna and the Johns Hopkins University Paul H. Nitze School of Advanced International Studies in Bologna, Italy (SAIS Europe).

    – ref. Why Europe should consider putting boots on the ground in Ukraine – https://theconversation.com/why-europe-should-consider-putting-boots-on-the-ground-in-ukraine-242279

    MIL OSI – Global Reports –

  • MIL-OSI USA: Myanmar fighters battle to hold prized city – AFP

    Source: United States Institute of Peace

    Red flags flutter over bullet-scarred buildings in the strategic Myanmar city of Lashio, which an ethnic minority armed group linked to China seized from the military in its biggest defeat for decades.

    Lashio is the largest urban centre to fall to any of Myanmar’s myriad ethnic minority armed groups — who have been fighting the central authorities on and off for decades — since the military first seized power in 1962. 

    But analysts say the Myanmar National Democratic Alliance Army (MNDAA) will struggle to govern Lashio, which straddles a key trade route to China and normally has a population of 150,000.

    Most fled the weeks of fighting that culminated in the city’s capture last month, and those who remain fear a return to the bloody violence.

    Residents and rescue groups say dozens of civilians were killed or wounded as the military pounded the town with air strikes and both sides launched rockets and shells at each other.

    While the fighting has eased since August, junta planes are still flying sorties and conducting air strikes, including on Monday and Tuesday night. 

    “We cannot say Lashio is back to normal but everyone is trying to act like it’s normal,” real estate agent Soe Soe, 30, told AFP.

    She fled in July but returned after the MNDAA took over and said she will stay, even as smaller clashes continue in the vicinity. 

    “The situation is uncertain right now,” she added. “Everyone is afraid.”

    – ‘No experience’ –

    The MNDAA was part of a trio of ethnic armed groups that launched a coordinated offensive against the junta — which ousted Aung San Suu Kyi’s civilian government in 2021 — a year ago, taking it by surprise and seizing swathes of Shan state.

    Junta jets are still pounding the city and targets have included hospitals and administrative buildings, according to the US Institute of Peace’s Myanmar programme chief Jason Tower.

    They “seem to be focused on preventing the MNDAA from advancing post-conflict reconstruction and returning the city to normal under its governance”, he said.

    Running Lashio will stretch the MNDAA’s manpower and capacity, he told AFP.

    “It is now trying to govern a much larger territory and faces a wide range of challenges it has no experience dealing with.”

    – ‘Everyone is afraid’ –

    Lucrative lead, silver and zinc mines lie near Lashio, while hundreds of millions of dollars’ worth of trade passes along the highway that snakes northeast to China through the jungle-clad Shan hills each year, according to the junta’s commerce ministry.

    Reaching the city is difficult due to fighting along the road.

    Within it, rifle-toting MNDAA policemen in black uniforms patrol the streets as the group — which analysts say maintains close ties with Beijing — works to convince former residents and businesses to return.

    Vendors marked out new plots at a market damaged during the fighting, but schools were shuttered and traffic was thin on the usually busy highway.

    As the group tries to restore normality, MNDAA-affiliated media have released regular updates about new administrative measures, from reorganising the main market to distributing rice and supplies to needly families.

    But many who fled the fighting are yet to return. 

    “Everyone is afraid because the fighting only just finished,” said Mae Gyi, 28, a vendor.

    Junta air strikes have killed and wounded several civilians, according to the MNDAA.

    And the ethnically Chinese MNDAA are an unknown quantity for Lashio’s diverse population of Bamar, Shan, and other groups.

    In areas controlled by the group in its Kokang homeland along the border with China’s Yunnan province, the language of administration, the currency and internet providers are all Chinese.

    It has other echoes with the People’s Republic: in April the MNDAA executed three of its members in the border city of Laukkai for murder and selling stolen weapons, following a public trial in which each of the accused wore a placard detailing their crimes in Chinese. 

    – Nowhere to go –

    The approach has alarmed some Lashio residents, with one former inhabitant — speaking on condition of anonymity — telling AFP they would not return until the MNDAA left.

    “Only our parents went back to Lashio,” the former resident said.

    But others have welcomed the tough approach.

    “The MNDAA has cleaned the town, and they have been helping the people… They helped to prevent prices from becoming too high,” said another former resident, whose family have returned.

    AFP has contacted the group on its plans for administering Lashio but received no response.

    Only “around 20-30 percent” of the town’s population had returned, said Soe Soe, but she was determined not to flee again despite the continuing low-level fighting.

    “We don’t have anywhere else to go,” she said. “So I came back to Lashio and am trying my best to stay here.”

    MIL OSI USA News –

  • MIL-OSI USA: Sectors strengthen ties for expanded Basilan peace works – The Philippine Star

    Source: United States Institute of Peace

    John Unson – Philstar.com

    September 22, 2024 | 4:18pm

    Brig. Gen. Alvin Luzon of the Army’s 101st Infantry Brigade huddles with Haroro Ingram, Philippine country director of the United States Institute of Peace at the sideline of the multi-sector peace dialogue in Lamitan City, Basilan on Sept. 20, 2024.

    Photo courtesy of Philstar.com / John Unson

    COTABATO CITY — The military, police, the United States Institute of Peace and the Moro Islamic Liberation Front in Basilan have strengthened ties to keep the tranquility now felt in the island province.

    All of the 11 towns and the Lamitan City in Basilan, scenes of bloody clashes between Moro secessionist groups and government forces in decades past, had all been cleared from presence of the Abu Sayyaf terrorist group via joint peacebuilding programs of local government units, the police and the military’s Western Mindanao Command.

    Radio reports in Cotabato City on Sunday, September 22, stated that officials of the Army’s 101st Infantry Brigade, the Basilan Provincial Police Office and representatives of the joint Government-MILF Coordinating Committee agreed to continue cooperating on programs complementing the Mindanao peace process during a dialogue in Barangay Matatag in Lamitan City on Friday, September 20.

    Haroro Ingram, the Philippine country director of the United States Institute of Peace, or USIP, was present in the peace and security conference, where cooperation among key players in keeping the peace now in Basilan was discussed by participants, among them the commander of the Army’s 101st Infantry Brigade, Brig Gen. Alvin Luzon, and Basilan provincial police director, Police Colonel Cerrazid Umabong.

    Local officials were quoted in Sunday’s radio reports in Cotabato as saying that the visit to Basilan on Friday of Haroro and in recent months by representatives of different foreign humanitarian entities and peace advocacy organizations, is essential to their efforts of enticing investors from other regions and from abroad to venture into viable agricultural projects in the province.

    Friday’s peace and security conference in Lamitan City reportedly delved partly on the need to maintain cohesion in peacebuilding activities of all sectors in Basilan, including the Government-MILF Coordinating Committee, the 101st Infantry Brigade, the provincial police and its component municipal police stations.

    The 101st Infantry Brigade, units in Basilan of the Police Regional Office-Bangsamoro Autonomous Region and local officials were credited then for the peace and calm now spreading around the four corners of the province. 

    MIL OSI USA News –

  • MIL-OSI Africa: Secretary-General’s remarks at the Ministerial Breakfast on the Intergovernmental Negotiating Committee to end Plastic Pollution [as delivered]

    Source: United Nations – English

    xcellencies, Friends,

    We are here today as we enter the last stretch of a crucial negotiation.

    Next month, Member States will meet in Busan, Republic of Korea to negotiate a multilateral solution to end plastic pollution.

    A solution that is vital for people, planet and prosperity alike.

    My thanks to the Government of Colombia for bringing us together today.

    And I commend you for leading by example – with ambitious national measures to reduce single-use plastics.

    Excellencies, dear Friends,

    We are here because we know the obvious.

    Plastic pollution is everywhere – all around us and even inside us – from our seas to our blood, to our brains.

    We are choking on plastic.

    Every year, people may ingest the equivalent of up to 50 plastic bags due to microplastics in food.

    Each year, humanity produces over 460 million metric tonnes of plastic.

    Half of it is designed for single-use purposes – used once and tossed away.

    By 2050, there could be more plastic in the ocean than fish.

    And so, it is clear that we need action, and fortunately, people are now demanding it.

    Excellencies, dear Friends,

    We would not be here today but for the historic step taken by Peru and Rwanda in introducing a joint proposal that paved the way for the adoption, in 2022, at the UN Environment Assembly, of a landmark resolution to begin the process to end plastic pollution.

    Since then, solidarity has been the hallmark of these negotiations.

    We see this solidarity enshrined in the Kunming-Montreal Global Biodiversity Framework that has reinforced the importance of addressing pollution from all sources to reduce the impacts of pollution on ecosystems and biodiversity.

    And we see this solidarity in the Pact for the Future, through which Member States recommitted to work towards the conclusion of a plastics agreement “with the ambition of completing negotiations by the end of 2024”.

    In Busan, Member States will have the chance to deliver on these promises and agree on a global treaty to end plastic pollution – once and for all.

    This has not been a road without challenges, but it has been a journey of progress.

    I thank the Chair of the International Negotiating Committee, Luis Vayas Valdivieso, as well as his predecessor Gustavo Meza-Cuadra, for getting us through five rounds of complex negotiations.

    This is an opportunity to demonstrate that multilateralism, while not always easy, can deliver for people, health and the environment.

    The ball is now in the court of Member States to land an agreement that is ambitious, credible and just.  

    An agreement that addresses the life cycle of plastic – tackling single-use and short-lived plastics;

    An agreement that responds to the needs of people and communities and that unleashes a just transition for all – including 20 million waste pickers around the world. 

    Excellencies, dear Friends,

    As the Montreal Protocol demonstrated almost forty years ago, international cooperation underpinned by meaningful legally binding agreements remains the most fruitful avenue to address global environmental challenges.

    I urge you to step up for human health, equity and justice.

    To step up for the future of people and planet.

    An ambitious agreement is the only way to end plastic pollution.

    Thank you.

    MIL OSI Africa –

  • MIL-OSI Video: Secretary of Defense Lloyd J. Austin III and South Korean Defense Minister Brief the Media

    Source: United States Department of Defense (video statements)

    Lloyd J. Austin III and South Korean Defense Minister Kim Yong-hyun hold a joint press conference at the Pentagon on October 30, 2024.
    —————
    Your military is an all-volunteer force that serves to protect our security and way of life, but Service members are more than a fighting force. They are leaders, humanitarians and your fellow Americans. Get to know more about the men and women who serve, who they are, what they do, and why they do it.

    For more on the Department of Defense, visit: http://www.defense.gov
    —————
    Keep up with the Department of Defense on social media!

    Like the DoD on Facebook: http://facebook.com/DeptofDefense
    Follow the DoD on Twitter: http://twitter.com/DeptofDefense
    Follow the DoD on Instagram: http://instagram.com/DeptofDefense
    Follow the DoD on LinkedIn: https://www.linkedin.com/company/DeptofDefense

    https://www.youtube.com/watch?v=EtiMF0VKZ34

    MIL OSI Video –

  • MIL-OSI United Kingdom: Autumn Budget 2024 speech

    Source: United Kingdom – Executive Government & Departments

    Autumn Budget 2024 speech as delivered by Chancellor Rachel Reeves.

    Delivered on:
    (Transcript of the speech, exactly as it was delivered)

    Madam Deputy Speaker…

    [redacted political content]

    This government was given a mandate. 

    To restore stability to our economy… 

    … and to begin a decade of national renewal. 

    To fix the foundations… 

    … and deliver change. 

    Through responsible leadership in the national interest.  

    That is our task.  

    And I know that we can achieve it. 

    My belief in Britain burns brighter than ever.  

    And the prize on offer is immense.  

    As my Right Honourable Friend the Prime Minister said on Monday – change must be felt. 

    More pounds in people’s pockets.  

    An NHS that is there when you need it.  

    An economy that is growing, creating wealth and opportunity for all…  

    … because that is the only way to improve living standards.   

    And the only way to drive economic growth… 

    … is to invest, invest, invest.  

    There are no shortcuts. 

    And to deliver that investment… 

    … we must restore economic stability…

    [redacted political content]

    INHERITANCE

    [redacted political content]

    … it is the first Budget in our country’s history to be delivered by a woman.  

    I am deeply proud to be Britain’s first ever female Chancellor of the Exchequer.  

    To girls and young women everywhere, I say:  

    Let there be no ceiling on your ambition, your hopes and your dreams.  

    And along with the pride that I feel standing here today… 

    … there is also a responsibility… 

    … to pass on a fairer society and a stronger economy to the next  

    generation of women.

    [redacted political content]

    A black hole in the public finances… 

    Public services on their knees…. 

    A decade of low growth. 

    And the worst parliament on record for living standards. 

    Let me begin with the public finances. 

    In July, I exposed a £22bn black hole

    [redacted political content]

    The Treasury’s reserve, set aside for genuine emergencies… 

    … spent three times over… 

    … just three months into the financial year.  

    Today, on top of the detailed document that I have provided to the House in July… 

    … the government is publishing a line by line breakdown of the £22bn black hole that we inherited… 

    It shows hundreds of unfunded pressures on the public finances… 

    … this year, and into the future too.  

    The Office for Budget Responsibility have published their own review of the circumstances around the Spring Budget forecast.  

    They say that the previous government – and I quote – “did not provide the OBR with all the [available] information to them”… 

    … and – had they known about these “undisclosed spending pressures that have since come to light”… 

    … then their Spring Budget forecast for spending would have been, and I quote again: “materially different”.  

    Let me be clear: that means any comparison between today’s forecast and the OBR’s March forecast is false… 

    … because the party opposite hid the reality of their public spending plans. 

    Yet at the very same budget… 

    … they made another ten billion pounds worth of cuts to National Insurance.

    [redacted political content]

    That’s why today, I can confirm that we will implement in full… 

    … the 10 recommendations from the independent Office for Budget Responsibility’s review. 

    But, the country has inherited not just broken public finances… 

    … but broken public services too. 

    The British people can see and feel that in their everyday lives. 

    NHS waiting lists at record levels. 

    Children in portacabins as school roofs crumble. 

    Trains that do not arrive. 

    Rivers filled with polluted waste.  

    Prisons overflowing. 

    Crimes which are not investigated… 

    … and criminals who are not punished.  

    That is the country’s inheritance

    Since 2021, there had been no detailed plans for departmental spending set out beyond this year.  

    And [redacted political content] plans relied on a baseline for spending this year which we now know was wrong… 

    … because it did not take into account the £22bn black hole.  

    The previous government also failed to budget for costs which they knew would materialise.  

    That includes funding for vital compensation schemes…  

    … for victims of two terrible injustices…

    [redacted political content]

    … the infected blood scandal… 

    … and the Post Office Horizon scandal.  

    The Leader of the Opposition rightly made an unequivocal apology for the injustice of the infected blood scandal on behalf of the British state… 

    … but he did not budget for the costs of compensation.  

    Today, for the very first time, we will provide specific funding to compensate those infected and those affected, in full… 

    … with £11.8bn in this budget. 

    And I am also today setting aside £1.8bn to compensate victims of the Post Office Horizon scandal… 

    … redress that is long overdue for the pain and injustice that they have suffered.

    [redacted political content]

    … and we will restore stability to our country again. 

    The scale and seriousness of the situation that we have inherited cannot be underestimated. 

    Together, the hole in our public finances this year, which recurs every year… 

    … the compensation schemes that they did not fund… 

    … and their failure to assess the scale of the challenges facing our public services… 

    … means this budget raises taxes by £40bn. 

    Any Chancellor standing here today would have to face this reality. 

    And any responsible Chancellor would take action. 

    That is why today, I am restoring stability to our public finances… 

    … and rebuilding our public services.  

    FISCAL RULES / OBR FORECASTS 

    Economy forecast/growth 

    As a former economist at the Bank of England, I know what it means to respect our economic institutions.  

    I want to put on record my thanks to the Governor of the Bank, Andrew Bailey…  

    … and to the independent Monetary Policy Committee. 

    Today, I can confirm that we will maintain the MPC’s target of two per cent inflation, as measured by the 12-month increase in the Consumer Prices Index. 

    I want to thank James Bowler, the Permanent Secretary to the Treasury, and my team of officials. 

    Madam Deputy Speaker, I would also like to thank my predecessors as Chancellor of the Exchequer… 

    … for their wise counsel as I have prepared for this Budget.

    [redacted political content]

    Finally, I want to thank Richard Hughes and his team at the Office for Budget Responsibility for their work in preparing today’s economic and fiscal outlook. 

    Let me now take the House through that forecast. 

    The cost of living crisis under the last government stretched household finances to their limit, with inflation hitting a peak of above 11%.  

    Today, the OBR say that CPI inflation will average 2.5% this year, 2.6% in 2025, then 2.3% in 2026, 2.1% in 2027, 2.1% in 2028 and 2.0% in 2029.  

    Next, I move on to economic growth.  

    Today’s budget marks an end to short-termism.  

    So I am pleased, that for the first time, the OBR have published not only five year growth forecasts… 

    … but a detailed assessment of the growth impacts of our policies over the next decade, too… 

    … and the new Charter for Budget Responsibility, which I am publishing today, confirms that this will become a permanent feature of our framework. 

    The OBR forecast that real GDP growth will be 1.1% in 2024, 2.0% in 2025, 1.8% in 2026, 1.5% in 2027, 1.5% in 2028 and 1.6% in 2029. 

    And the OBR are clear: this Budget will permanently increase the supply capacity of the economy…

    [redacted political content]

    … boosting long-term growth. 

    Every Budget I deliver will be focused on our mission to grow the economy. 

    And underpinning that mission are the seven key pillars of our growth strategy… 

    … developed and delivered alongside business…  

    … all driven forward by our Financial Secretary to the Treasury.   

    First, and most important, is to restore economic stability. That is my focus today. 

    Second, increasing investment and building new infrastructure is vital for productivity, so we are catalysing £70bn of investment through our National Wealth Fund… 

    … and we are transforming our planning rules to get Britain building again. 

    Third, to ensure that all parts of the UK can realise their potential… 

    … we are working with the devolved governments… 

    … and partnering with our Mayors to develop local growth plans.  

    Fourth, to improve employment prospects and skills we are creating Skills England, delivering our plans to Make Work Pay and tackling economic inactivity.  

    Fifth, we are launching our long-term modern industrial strategy and expanding opportunities for our small and medium sized businesses to grow. 

    Sixth, to drive innovation we are protecting record funding for research and development to harness the full potential of the UK’s science base.  

    And finally, to maximise the growth benefits of our clean energy mission, we have confirmed key investments such as Carbon Capture and Storage to create jobs in our industrial heartlands. 

    Our approach is already having an impact. 

    Just two weeks ago – we delivered an International Investment Summit which saw businesses commit £63.5bn of investment into this country… 

    … creating nearly 40,000 jobs across the United Kingdom.

    [redacted political content]

    Economic growth will be our mission for the duration of this parliament.  

    Stability rule 

    Madam Deputy Speaker, in our manifesto, we set out the fiscal rules that would guide this government. 

    I am confirming those today… 

    Our stability rule… 

    And our investment rule… 

    The “stability rule” means that we will bring the current budget into balance… 

    … so that we do not borrow to fund day to day spending. 

    We will meet this rule in 2029-30, until that becomes the third year of the forecast.  

    From then on, we will balance the current budget in the third year of every budget, held annually each autumn. 

    That will provide a tougher constraint on day to day spending… 

    … so difficult decisions cannot be constantly delayed or deferred.  

    The OBR say that the current budget will be in deficit by £26.2bn in 2025-26 and £5.2bn in 2026-27… 

    … before moving into surplus of £10.9bn in 2027-28, £9.3bn in 2028-29 and £9.9bn in 2029-30… 

    … meeting our stability rule… 

    … two years early.  

    Monthly public sector finances data shows that government borrowing in the first six months of this year… 

    … was already running significantly higher than the OBR’s March forecast. 

    And so the OBR confirmed today, that borrowing in this financial year is now £127bn…

    [redacted political content]

    The increase in the net cash requirement in 24-25 is lower than the increase in borrowing, at £22.3bn higher than the spring forecast.  

    Because of the action that we are taking… 

    … borrowing falls from 4.5% of GDP this year to 2.1% of GDP by the end of the forecast. 

    Public sector net borrowing will be £105.6bn in 2025-26, £88.5bn in 2026-27, £72.2bn in 2027-28, £71.9bn in 2028-29 and £70.6bn in 2029-2930. 

    FIXING THE FOUNDATIONS 

    Spending  

    Madam Deputy Speaker, before I come to tax… 

    … it is vital that we are driving efficiency and reducing wasteful spending. 

    In July, to begin delivering, and dealing with our inheritance… 

    … I made £5.5bn of savings this year.  

    Today we are setting a 2% productivity, efficiency and savings target for all departments to meet next year… 

    … by using technology more effectively and joining up services across government 

    As set out in our manifesto, I will shortly be appointing our Covid Corruption Commissioner, they will lead our work to uncover those companies that used a national emergency to line their own pockets. 

    Because that money belongs in our public services. And taxpayers want that money back.  

    And I can confirm today that David Goldstone has been appointed as the Chair of the new Office for Value for Money…  

    … to help us realise the benefits from every pound of public spending. 

    Welfare 

    Today, I am also taking three steps to ensure that welfare spending is more sustainable.  

    First, we inherited [redacted political content] plans to reform the Work Capability Assessment.  

    We will deliver those savings…  

    …as part of our fundamental reforms to the health and disability benefits system that my Right Honourable Friend the Work and Pensions Secretary will bring forward. 

    Second, I can today announce a crackdown on fraud in our welfare system… 

    … often the work of criminal gangs.  

    We will expand DWP’s counter-fraud teams.. 

    … using innovative new methods to prevent illegal activity…  

    … and provide new legal powers to crackdown on fraudsters… 

    … including direct access to bank accounts to recover debt. 

    This package saves £4.3bn a year by the end of the forecast. 

    Third, the government will shortly be publishing the “Get Britain Working” white paper…  

    … tackling the root causes of inactivity with an integrated approach across health, education and welfare.  

    … and we will provide £240m for 16 trailblazer projects… 

    … targeted at those who are economically inactive and most at risk of being out of education, employment or training… 

    … to get people into work and reduce the benefits bill.  

    Tax avoidance 

    Before a government could consider any change to a tax rate or threshold… 

    … it must ensure that people pay what they already owe. 

    So we will invest to modernise HMRC’s systems using the very best technology… 

    … and recruit additional HMRC compliance and debt staff. 

    We will clamp down on those umbrella companies who exploit workers… 

    … increase the interest rate on unpaid tax debt to ensure that people pay on time… 

    … and go after promoters of tax avoidance schemes. 

    These measures to reduce the tax gap raise £6.5bn by the end of the forecast… 

    … and I want to thank the Exchequer Secretary for his outstanding work on this agenda. 

    PROTECTING WORKING PEOPLE 

    Madam Deputy Speaker, I know that for working people up and down our country… 

    … family finances are stretched… 

    … and pay checks don’t go as far as they once did. 

    So today, I am taking steps to support people with the cost of living. 

    Cost of living

    [redacted political content]

    As promised in our manifesto, we asked the Low Pay Commission to take account of the cost of living for the first time.  

    I can confirm that we will accept the Low Pay Commission recommendation to increase the National Living Wage by 6.7% to £12.21 an hour… 

    … worth up to £1,400 a year for a full-time worker. 

    And for the first time, we will move towards a single adult rate…  

    … phased in over time…  

    … by initially increasing the National Minimum Wage for 18-20 year olds by 16.3% as recommended by the Low Pay Commission… 

    … taking it to £10 an hour.

    [redacted political content]

    Second, I have heard representations from colleagues across this house about the Carer’s Allowance… 

    … and the impact of the current policy on carers looking to increase the hours they work… 

    … including from the Honourable member for Shipley, the Honourable member for Scarborough and Whitby and the Rt Hon Member for Kingston and Surbiton, too. 

    Carer’s allowance currently provides up to £81.90 per week to help those with additional caring responsibilities.  

    Today, I can confirm that we are increasing the weekly earnings limit to the equivalent of 16 hours at the National Living Wage per week… 

    … the largest increase in Carer’s Allowance since it was introduced in 1976.  

    That means a carer can now earn over £10,000 a year while receiving Carer’s Allowance… 

    … allowing them to increase their hours where they want to… 

    … and keep more of their money. 

    I am also concerned about the cliff-edge in the current system and the issue of overpayments. 

    My Right Honourable Friend the Work and Pensions Secretary has announced an independent review to look at the issue of overpayments, and we will work across this house to develop the right solutions. 

    Third, we will provide £1bn from next year to extend the Household Support Fund and Discretionary Housing Payments, to help those facing financial hardship with the cost of essentials.  

    Fourth, having heard representations from the Joseph Rowntree Foundation, Trussell and others… 

    … to reduce the level of debt repayments that can be taken from a household’s Universal Credit payment each month… 

    … by reducing it from 25% to 15% of their standard allowance. 

    This means that 1.2 million of the poorest households will keep more of their award each month… 

    … lifting children out of poverty…  

    … and those who benefit will gain an average of £420 a year. 

    Madam Deputy Speaker, our Plan to Make Work Pay will also protect working people.

    [redacted political content]

    It is right that we protect those who have worked their whole lives.  

    In our manifesto, we promised to transfer the Investment Reserve Fund in the Mineworkers’ Pension Scheme to members… 

    … and I have listened closely to my Honourable Friends for Easington, Doncaster Central, Blaenau Gwent, and Ayr, Carrick and Cumnock on this issue. 

    Today we are keeping our promise…  

    … so that working people who powered our country receive the fair pension that they are owed. 

    Our manifesto committed to the Triple Lock… 

    … meaning spending on the State Pension is forecast to rise by over £31bn by 2029-30… 

    … to ensure that our pensioners are protected in their retirement.  

    This commitment means that while working age benefits will be uprated in line with CPI, at 1.7%… 

    … the basic and new State Pension… 

    … will be uprated by 4.1% in 2025-26. 

    This means that over 12 million pensioners will gain up to £470 next year… 

    … up to £275 more than if uprated by inflation.  

    The Pension Credit Standard Minimum Guarantee will also rise by 4.1%…  

    … from around £11,400 per year to around £11,850 for a single pensioner.  

    Fuel duty 

    While I have sought to protect working people with measures to reduce the cost of living… 

    … I have had to take some very difficult decisions on tax. 

    I want to set out my approach to fuel duty.  

    Baked into the numbers that I inherited from the previous government… 

    … is an assumption that fuel duty will rise by RPI next year… 

    … and that the temporary 5p cut will be reversed.  

    To retain the 5p cut… 

    … and to freeze fuel duty again… 

    … would cost over £3bn next year.  

    At a time when the fiscal position is so difficult…  

    … I have to be frank with the House that this is a substantial commitment to make. 

    I have concluded… 

    … that in these difficult circumstances… 

    … while the cost of living remains high… 

    … and with a backdrop of global uncertainty… 

    … increasing fuel duty next year… 

    … would be the wrong choice for working people. 

    It would mean fuel duty rising by 7p per litre. 

    So, I have today decided to freeze fuel duty next year… 

    … and I will maintain the existing 5p cut for another year, too. 

    There will be no higher taxes at the petrol pumps next year.

    Madam Deputy Speaker, the last government made cuts of £20bn to employees’ and self-employed national insurance in their final two budgets.

    [redacted political content]

    Because we now know they were based on a forecast which the OBR say would have been “materially different”… 

    … had they known the true extent of the last government’s cover-up.   

    Since July, I have been urged on multiple occasions to reconsider these cuts.  

    To increase the taxes that working people pay and see in their payslips. 

    But I have made an important choice today: 

    To keep every single commitment that we made on tax in our manifesto.  

    So I say to working people: 

    I will not increase your National Insurance… 

    …I will not increase your VAT… 

    …And I will not increase your income tax. 

    Working people will not see higher taxes in their payslips as a result of the choices I make today. 

    That is a promise made – and a promise fulfilled. 

    TAX 

    But any responsible Chancellor would need to take difficult decisions today. 

    To raise the revenues required to fund our public services. 

    And to restore economic stability.  

    So in today’s Budget, I am announcing an increase in Employers’ National Insurance Contributions.  

    We will increase the rate of Employers’ National Insurance by 1.2 percentage points, to 15%, from April 2025.  

    And we will reduce the Secondary Threshold – the level at which employers start paying national insurance on each employee’s salary – from £9,100 per year to £5,000.  

    This will raise £25bn per year by the end of the forecast period.  

    I know that this is a difficult choice. 

    I do not take this decision lightly.  

    We are asking business to contribute more… 

    … and I know that there will be impacts of this measure felt beyond businesses, too… 

    … as the OBR have set out today. 

    But in the circumstances that I have inherited, it is the right choice to make.  

    Successful businesses depend on successful schools. 

    Healthy businesses depend on a healthy NHS.  

    And a strong economy depends on strong public finances.

    [redacted political content]

    That is the choice our country faces too.  

    As I make this choice, I know it is particularly important to protect our smallest companies.  

    So having heard representations from the Federation of Small Businesses and others… 

    … I am today increasing the Employment Allowance from £5,000 to £10,500. 

    This means 865,000 employers won’t pay any National Insurance at all next year… 

    … and over 1 million will pay the same or less than they did previously. 

    This will allow a small business to employ the equivalent of 4 full time workers on the National Living Wage… 

    … without paying any National Insurance on their wages. 

    Madam Deputy Speaker, let me come now to capital gains tax. 

    We need to drive growth, promote entrepreneurship, and support wealth creation… 

    … while raising the revenue required to fund our public services… 

    … and restore our public finances.  

    Today, we will increase the lower rate of Capital Gains Tax from 10% to 18%, and the Higher Rate from 20% to 24%… 

    … while maintaining the rates of capital gains tax on residential property at 18% and 24%, too.  

    This means the UK will still have the lowest Capital Gains Tax rate of any European G7 economy. 

    Alongside these changes to the headline rates of Capital Gains Tax… 

    … we are maintaining the lifetime limit for Business Asset Disposal Relief at £1m… 

    … to encourage entrepreneurs to invest in their businesses.   

    Business Asset Disposal Relief will remain at 10% this year… 

    … before rising to 14% in April 2025… 

    … and 18% from 2026-27… 

    … maintaining a significant gap compared to the higher rate of Capital Gains Tax.  

    Together, the OBR say these measures will raise £2.5bn by the end of the forecast. 

    In a sign of this government’s commitment to supporting growth and entrepreneurship… 

    …we have already extended the Enterprise Investment Scheme and Venture Capital Trust schemes to 2035… 

    … and we will continue to work with leading entrepreneurs and venture capital firms… 

    … to ensure our policies support a positive environment for entrepreneurship in the UK. 

    Next, inheritance tax. 

    Only 6% of estates will pay inheritance tax this year. 

    I understand the strongly held desire to pass down savings to children and grandchildren. 

    So I am taking a balanced approach in my package today. 

    First, the previous government froze inheritance tax thresholds until 2028. I will extend that freeze for a further two years, until 2030. 

    That means the first £325,000 of any estate can be inherited tax-free… 

    … rising to £500,000 if the estate includes a residence passed to direct descendants…. 

    … and £1m when a tax free allowance is passed to a surviving spouse or civil partner. 

    Second, we will close the loophole created by the previous government… 

    … made even bigger when the Lifetime Allowance was abolished… 

    … by bringing inherited pensions into inheritance tax from April 2027. 

    Finally, we will reform Agricultural Property Relief and Business Property Relief.  

    From April 2026, the first £1m of combined business and agricultural assets will continue to attract no inheritance tax at all… 

    … but for assets over £1m, inheritance tax will apply with 50% relief, at an effective rate of 20%. 

    This will ensure we continue to protect small family farms… 

    … and three-quarters of claims will be unaffected by these changes. 

    I can also announce that we will apply a 50% relief, in all circumstances, on inheritance tax for shares on the Alternative Investment Market (AIM) and other similar markets… 

    … setting the effective rate of tax at 20%. 

    Taken together, these measures raise over £2bn in the final year of the forecast. 

    Next, I can confirm that the government will renew the Tobacco Duty escalator for the remainder of this Parliament at RPI+2%… 

    … increase duty by a further 10% on hand-rolling tobacco this year… 

    … introduce a flat rate duty on all vaping liquid from October 2026… 

    … alongside an additional one off- increase in tobacco duty to maintain the incentive to give up smoking. 

    And we will increase the Soft Drinks Industry Levy to account for inflation since it was introduced… 

    …  as well as increasing the duty in line with CPI each year going forward. 

    These measures will raise nearly £1bn per year by the end of the forecast period. 

    Madame Deputy Speaker, we want to support the take-up of electric vehicles. 

    So I will maintain incentives for electric vehicles in Company Car Tax from 2028… 

    … and increase the differential between fully electric and other vehicles in the first year rates of Vehicle Excise Duty from April 2025. 

    These measures will raise around £400m by the end of the forecast period. 

    Madam Deputy Speaker let me update the House on our plans for Air Passenger Duty…

    [redacted political content]

    Air Passenger Duty has not kept up with inflation in recent years… 

    … so we are introducing an adjustment… 

    … meaning an increase of no more than £2 for an economy class short-haul flight.  

    But I am taking a different approach when it comes to private jets…  

    … increasing the rate of Air Passenger Duty by a further 50%.

    [redacted political content]

    These measures will raise over £700m by the end of the forecast period. 

    Madam Deputy Speaker, let me turn now to our high street businesses.  

    I know that for them, a major source of concern is business rates.  

    From 2026-27, we intend to introduce two permanently lower tax rates for retail, hospitality and leisure properties which make up the backbone of high streets across the country… 

    … and it is our intention that is paid for by a higher multiplier for the most valuable properties.

    [redacted political content]

    So I will today provide 40% relief on business rates for the retail, hospitality and leisure industry in 2025-26… 

    … up to a cap of £110,000 per business. 

    Alongside this, the small business tax multiplier will be frozen next year.  

    Next, I can confirm that alcohol duty rates on non-draught products will increase in line with RPI from February next year… 

    … but nearly two-thirds of alcoholic drinks sold in pubs are served on draught. 

    So today, instead of uprating these products in line with inflation… 

    … I am cutting draught duty by 1.7%… 

    … which means a penny off a pint in the pub. 

    Alongside the changes I am making today, I am publishing a Corporate Tax Roadmap.. 

    … providing the business certainty called for by the CBI, British Chambers of Commerce and the Institute for Directors. 

    This confirms our commitment to cap the rate of Corporation Tax at 25% – the lowest in the G7 –  for the duration of this parliament…. 

    … while maintaining full expensing and the £1 million Annual Investment Allowance… 

    …and keeping the current rates of research and development reliefs, to drive innovation. 

    Manifesto 

    Madam Deputy Speaker, in our manifesto we made a number of commitments to raise funding for our public services.  

    First, I have always said that if you make Britain your home, you should pay your tax here. 

    So today, I can confirm… 

    … we will abolish the non-dom tax regime… 

    … and remove the outdated concept of domicile from the tax system from April 2025. 

    We will introduce a new, residence based scheme… 

    … with internationally competitive arrangements for those coming to the UK on a temporary basis… 

    … while closing the loopholes in the scheme designed by the party opposite. 

    To further encourage investment into the UK, we will also extend the Temporary Repatriation Relief to three years and expand its scope… 

    … bringing billions of pounds of new funds into Britain. 

    The independent Office for Budget Responsibility say that this package of measures will raise £12.7bn over the next five years.  

    Next, the fund management industry provides a vital contribution to our economy… 

    …  but as our manifesto set out, there needs to be a fairer approach to the way carried interest is taxed.  

    So we will increase the Capital Gains Tax rates on carried interest to 32% from April 2025… 

    … and – from April 2026 – we will deliver further reforms to ensure that the specific rules for carried interest are simpler, fairer and better targeted. 

    In our manifesto we committed to reforming stamp duty land tax to raise revenue while supporting those buying their first home.  

    We are increasing the stamp-duty land tax surcharge for second-homes… 

    …known as the “Higher Rate for Additional Dwellings”… 

    … by 2 percentage points, to 5%, which will come into effect from tomorrow.  

    This will support over 130,000 additional transactions from people buying their first home, or moving home over, the next five years. 

    Next, we committed to reform the Energy Profits Levy on oil and gas companies. 

    I can confirm today that we will increase the rate of the levy to 38%, which will now expire in March 2030… 

    … and we will remove the 29% investment allowance. 

    To ensure the oil and gas industry can protect jobs and support our energy security… 

    … we will maintain the 100% first year allowances and the decarbonisation allowances too.  

    Finally, 94% of children in the UK attend state schools. 

    To provide the highest quality of support and teaching that they deserve… 

    … we will introduce VAT on private school fees from January 2025… 

    … and we will shortly introduce legislation to remove their business rates relief from April 2025, too.  

    We said in our manifesto that these changes… 

    … alongside our measures to tackle tax avoidance… 

    … would bring in £8.5bn by the final year of the forecast. 

    I can confirm today that they will in fact raise over £9bn… 

    … to support our public services and restore our public finances. 

    That is a promise made – and a promise fulfilled. 

    Madam Deputy Speaker, I have one final decision to take on tax today. 

    The previous government froze income tax and National Insurance thresholds in 2021… 

    … and then they did so again after the mini-budget. 

    Extending their threshold freeze for a further two years raises billions of pounds.  

    Money to deal with the black hole in our public finances…  

    … and repair our public services.  

    Having considered this issue closely… 

    … I have come to the conclusion… 

    … that extending the threshold freeze… 

    … would hurt working people. 

    It would take more money out of their payslips.

    I am keeping every single promise on tax that I made in our manifesto. 

    So there will be no extension of the freeze in income tax and National Insurance thresholds beyond the decisions of the previous government.  

    From 2028-29, personal tax thresholds will be uprated in line with inflation once again.

    When it comes to choices on tax, this government chooses to protect working people every single time.  

    SPENDING 

    Madam Deputy Speaker, these are the choices I have made. 

    To restore economic stability. 

    And to protect working people.  

    The next choice I make is to begin to repair our public services.  

    In recent months, we have conducted the first phase of the Spending Review… 

    … to set departmental budgets for 2024-25 and 2025-26… 

    … and I want to thank my Right Honourable Friend the Chief Secretary to the Treasury for his tireless work with colleagues from across government.  

    Because I have taken difficult decisions on tax today… 

    … I am able to provide an injection of immediate funding over the next two years… 

    … to stabilise and to support our public services.  

    The next phase of the Spending Review will report in late Spring, and I have set the overall envelope today. 

    Day to day spending from 2024-25 onwards will grow by 1.5% in real terms… 

    … and total departmental spending, including capital spending, will grow by 1.7% in real terms. 

    At the election we promised there would be no return to austerity.  

    Today we deliver on that promise. 

    But given the scale of the challenges that are facing our public services… 

    … that means there will still be difficult choices in the next phase of the Spending Review. 

    Just as we cannot tax and spend our way to prosperity… 

    … nor can we simply spend our way to better public services.  

    So we will deliver a new approach to public service reform… 

    … using technology to improve public services… 

    … and taking a zero-based approach… 

    … so that taxpayers’ money is spent as effectively as possible…  

    … and so that we focus on delivering our key priorities.  

    Spending Review: Phase 1 

    In the first phase of the Spending Review… 

    … I have prioritised day-to-day funding to deliver on our manifesto commitments. 

    I want every child to have the best start in life… 

    … and the best possible start to the school day, too… 

    … and I know my Right Honourable Friend the Education Secretary shares my ambition.  

    So I am today tripling investment in breakfast clubs to fund them in thousands of schools.  

    I am increasing the core schools budget by £2.3bn next year… 

    … to support our pledge to hire thousands more teachers into key subjects.   

    So that our young people can develop the skills that they need for the future… 

    … I am providing an additional £300m for further education. 

    And finally, this government is committed to reforming special educational needs provision… 

    … to improve outcomes for our most vulnerable children and ensure the system is financially sustainable. 

    To support that work, I am today providing a £1bn uplift in funding, a 6% real terms increase from this year.  

    There is no more important job for government than to keep our country safe, and we are conducting a Strategic Defence Review to be published next year. 

    And as set out in our manifesto, we will set a path to spending 2.5% of GDP on defence at a future fiscal event. 

    Today, I am announcing a total increase to the Ministry of Defence’s Budget of £2.9bn next year… 

    … ensuring the UK comfortably exceeds our NATO commitments…  

    … and providing guaranteed military support to Ukraine of £3bn per year, for as long as it takes. 

    Last week, alongside my Right Honourable Friend the Defence Secretary, I announced, in addition to this, further support to Ukraine – on top of our NATO commitment…  

    … through our £2.26bn contribution to the G7’s Extraordinary Revenue Acceleration agreement… 

    … repaid using profits from immobilised Russian sovereign assets. 

    And as we approach Remembrance Sunday…  

    … it is vital that we take time to remember those who have served our country so bravely.  

    So I am today announcing funding to commemorate the 80th anniversary of VE and VJ day next year… 

    … to honour those who have served at home and abroad. 

    We must also remember those who experienced the atrocities of the Nazi regime first hand.  

    I would like to pay tribute to Lily Ebert, the Holocaust Survivor and educator who passed away aged 100 earlier this month.  

    I am today committing a further £2m to holocaust education next year… 

    … so that charities like the Holocaust Educational Trust, can continue their work to ensure these vital testimonies are not lost and are preserved for the future. 

    Madam Deputy Speaker, to repair our public services we also need to work alongside our mayors and our local leaders. 

    We will deliver a significant real-terms funding increase for local government next year…  

    … including £1.3bn of additional grant funding to deliver essential services… 

    … with at least £600m in grant funding for social care…  

    … and £230m to tackle homelessness and rough sleeping 

    We are today confirming that Greater Manchester and the West Midlands will be the first mayoral authorities to receive integrated settlements from next year… 

    … giving Mayors meaningful control of the funding for their local areas. 

    * 

    And to support our local high streets… 

    … we are taking action to deal with the sharp rise in shoplifting we have seen in recent years. 

    We will scrap the effective immunity for low-value shoplifting introduced by the party opposite. 

    And having listened closely to organisations like the British Retail Consortium and USDAW… 

    … I am providing additional funding to crack down on the organised gangs which target retailers… 

     … and to provide more training to our police officers and retailers to help stop shoplifting in its tracks.  

    Finally, I am today providing funding to support public services and drive growth across Scotland, Wales and Northern Ireland.  

    Having discussed the matter with the First Minister of Wales, Eluned Morgan, and my HFs for Llanelli and Pontypridd… 

    … I am providing a £25m to the Welsh Government next year for the maintenance of coal tips to ensure we keep our communities safe.  

    And to support growth, including in our rural areas, we will proceed with City and Growth Deals in Northern Ireland… 

    … in Causeway Coast and Glens; and Mid-South West.

    And we will drive growth in Scotland [redacted political content] including a City and growth Deal in Argyll and Bute.

    This budget provides the devolved governments with the largest real-terms funding settlement since devolution… 

    … delivering an additional £3.4 billion for the Scottish Government through the Barnett formula… 

    … funding which must now be spent effectively to improve public services in Scotland.  

    This budget also provides £1.7 billion to the Welsh Government… 

    …  and £1.5 billion to the Northern Ireland Executive in 2025-26. 

    I said there would be no return to austerity, and that is the choice I have made today.  

    REBUILDING BRITAIN 

    Madam Deputy Speaker, to rebuild our country we need to increase investment. 

    The UK lags behind every other G7 country when it comes to business investment as a share of our economy. 

    That matters.  

    It means the UK has fallen behind in the race for new jobs… 

    … new industries… 

    … and new technology.  

    By restoring economic stability… 

    … and by establishing the National Wealth Fund to catalyse private funding… 

    … we have begun to create the conditions that businesses need to invest.  

    But there is also a significant role for public investment.

    Hospitals without the equipment they need.  

    School buildings not fit for our children.  

    A desperate lack of affordable housing. 

    Economic growth held back at every turn.  

    Under the plans I inherited… 

    … public investment was set to fall from 2.5% to 1.7% of GDP.  

    But in Washington last week, the International Monetary Fund were clear:  

    More public investment is badly needed in the UK.  

    So today, having listened to the case made by the former Governor of the Bank of England, Mark Carney… 

    … former Treasury Minister, Jim O’Neill… 

    … and the former Cabinet Secretary, Gus O’Donnell… 

    … among others…  

    … I am confirming our investment rule.  

    As set out in our manifesto, we will target debt falling as a share of the economy. 

    Debt will be defined as Public Sector net Financial Liabilities, or “net financial debt”, for short… 

    … a metric that has been measured by the Office for National Statistics since 2016… 

    … and forecast by the Office for Budget Responsibility since that date too. 

    “Net financial debt” recognises that government investment delivers returns for taxpayers…  

    … by counting not just the liabilities on a government’s balance sheet, but the financial assets too. 

    This means that we count the benefits of investment, not just the costs… 

    And we free up our institutions to invest… 

    … just as they do in Germany, France and Japan.  

    Like our stability rule, our investment rule will apply in 2029-2030… 

    … until that becomes the third year of the forecast. 

    From that point onwards, net financial debt will fall in the third year of every forecast. 

    Today, the OBR say that we are already meeting our target two years early… 

    … with “net financial debt” falling by 2027-28…  

    … with £15.7bn of headroom in the final year. 

    So that we drive the right incentives in government investments… 

    … we will introduce four key guardrails to ensure capital spending is good value for money and drives growth in our economy.  

    First, our portfolio of new financial investments will be delivered by expert bodies like the National Wealth Fund which must, by default, earn a rate of return at least as large as that on gilts.  

    Second, we will strengthen the role of institutions to improve infrastructure delivery.  

    Third, we will improve certainty, setting capital budgets for five years and extending them at every spending review every two years. 

    Finally, we will ensure there is greater transparency for capital spending, with robust annual reporting of financial investments… 

    … based on accounts audited by the National Audit Office… 

    … and made available to the Office for Budget Responsibility at every forecast. 

    Taken together with our stability rule… 

    …these fiscal rules will ensure that our public finances are on a firm footing… 

    … while enabling us to invest prudently alongside business. 

    Growth projects  

    The capital plans I now set out… 

    … to drive growth across our country… 

    … and repair the fabric of our nation… 

    … are only possible because of our investment rule.  

    Let me set out those investment plans. 

    Industrial strategy 

    Today we are confirming our plans to capitalise the National Wealth Fund… 

    … to invest in the industries of the future… 

    … from gigafactories, to ports to green hydrogen. 

    Building on these investments, my Right Honourable Friend the Business Secretary is driving forward our modern industrial strategy… 

    … working with businesses and organisations like Make UK… 

    … to set out the sectors with the biggest growth potential. 

    Today, we are confirming multi-year funding commitments for these areas of our economy, including… 

    … nearly £1bn for the aerospace sector to fund vital research and development, building on our industry in the East Midlands, the South-West and Scotland… 

    … over £2 billion for the automotive sector… 

    …  to support our electric vehicle industry and develop our manufacturing base… 

    … building on our strengths in the North East and the West Midlands… 

    And up to £520m for a new Life Sciences Innovative Manufacturing Fund. 

    For our world-leading creative industries…  

    … we will legislate to provide additional tax relief for visual effect costs in TV and film… 

    .. and we are providing £25m for the North East Combined Authority… 

    … which they plan to use to remediate the Crown Works Studio site in Sunderland… 

    … creating 8,000 new jobs.  

    Research & Development 

    To unlock these growth industries of the future, we will protect government investment in research and development with more than £20bn worth of funding. 

    This includes at least £6.1bn to protect core research funding for areas like engineering, biotechnology and medical science… 

    …through Research England, other research councils, and the National Academies. 

    We will extend the Innovation Accelerators programme in Glasgow, in Manchester and in the West Midlands.  

    And with over £500m of funding next year, my Right Honourable Friend the Science, Technology and Innovation Secretary, will continue to drive progress in improving reliable, fast broadband and mobile coverage across our country, including in rural areas. 

    Housing 

    We committed in our manifesto to build 1.5 million homes over the course of this parliament… 

    … and my Right Honourable Friend the Deputy Prime Minister is driving that work forward across government. 

    Today, I am providing over £5bn of government investment to deliver our plans on housing next year. 

    We will increase the Affordable Homes Programme to £3.1bn…  

    … delivering thousands of new homes.  

    We will provide £3bn of support in guarantees… 

    … to boost the supply of homes and support our small housebuilders. 

    And we will provide investment to renovate sites across our country… 

    … including at Liverpool Central Docks… 

    … where we will deliver 2,000 new homes… 

    … and funding to help Cambridge realise its full growth potential.  

    Alongside this investment, we will put the right policies in place to increase the supply of affordable housing.  

    Having heard representations from local authorities, social housing providers and from Shelter…  

    … I can today confirm that the government will reduce Right to Buy Discounts… 

    … and local authorities will be able to retain the full receipts from any sales of social housing… 

    … to reinvest back into the housing stock, and into new supply.. 

    … so that we give more people a safe, secure and affordable place to live.  

    We will provide stability to social housing providers, with a social housing rent settlement of CPI+1 percent for the next five years.  

    And we will deliver on our manifesto commitment to hire hundreds of new planning officers, to get Britain building again.  

    We will also make progress on our commitment to accelerate the remediation of homes following the findings of the Grenfell Inquiry… 

    … with £1bn of investment to remove dangerous cladding next year.  

    Transport

    Working with my Right Honourable Friend the Transport Secretary, I am changing that.  

    We are today securing the delivery of the Trans-Pennine upgrade to connect York, Leeds, Huddersfield and Manchester…  

    … delivering fully electric local and regional services between Manchester and Stalybridge by the end of this year… 

    … with a further electrification of services between Church Fenton and York by 2026.… 

    … to help grow our economy across the North of England… 

    … with faster and more reliable services.  

    We will deliver East-West Rail to drive growth between Oxford, Milton Keynes and Cambridge…  

    … with the first services running between Oxford, Bletchley and Milton Keynes next year… 

    … and trains between Oxford and Bedford running from 2030.  

    We are delivering railway schemes which improve journeys for people across our country… 

    … including upgrades at Bradford Forster Square…  

    … improving capacity at Manchester Victoria… 

    … and electrifying the Wigan-Bolton line. 

    My Right Honourable Friend the Transport Secretary has also set out a plan for how to get a grip of HS2. 

    Today, we are securing delivery of the project between Old Oak Common and Birmingham… 

    … and we are committing the funding required to begin tunnelling work to London Euston station… 

    … This will catalyse private investment into the local area. 

    I am also funding significant improvements to our roads network.  

    For too long, potholes have been an all too visible reminder of our failure to invest as a nation. 

    Today, that changes… 

    … with a £500m increase in road maintenance budgets next year… 

    … more than delivering on our manifesto commitment to fix an additional one million potholes each year. 

    We will provide over £650m of local transport funding to improve connections across our country… 

    … in our towns like Crewe and Grimsby… 

    … and in our villages and rural areas, from Cornwall to Cumbria.

    … we understand how important bus services are for our communities… 

    …so we will extend the cap for a further year, setting it at £3 until December 2025. 

    Finally we will deliver £1.3bn of funding to improve connectivity in our city regions, funding projects like…  

    … the Brierley Hill Metro extension in the West Midlands… 

    … the renewal of the Sheffield Supertram… 

    … and West Yorkshire Mass Transit, including in Bradford and Leeds.  

    Energy 

    Madam Deputy Speaker, to bring new jobs to Britain and drive growth across our country… 

    … we are delivering our mission to make Britain a clean energy superpower, led by my Right Honourable Friend the Energy Secretary. 

    Earlier this month, we announced a significant multi-year investment between government and business into Carbon Capture and Storage… 

    … creating 4,000 jobs across Merseyside and Teesside. 

    Today, I am providing funding for 11 new green hydrogen projects across England, Scotland and Wales – they will be among the first commercial scale projects anywhere in the world… 

    … including in Bridgend, East Renfrewshire and in Barrow-in-Furness 

    We are kickstarting the Warm Homes Plan by confirming an initial £3.4bn over the next three years… 

    … to transform 350,000 homes… 

    … including a quarter of a million low-income and social homes. 

    And we will establish GB Energy… 

    … providing funding next year to set up GB Energy at its new home in Aberdeen. 

    Overall, we will invest an additional £100bn over the next five years in capital spending… 

    … only possible because of our investment rule.  

    The OBR say today that this will drive growth across our country in the next five years… 

    … and in the longer term increase GDP by up to 1.4%. 

    It will crowd in private investment… 

    … meaning more jobs, and more opportunities… 

    … in every corner of the UK.  

    That is the choice that I have made.  

    To invest in our country… 

    … and to grow our economy. 

    Today, I am setting out two final areas in which investment is so badly needed… 

    … to repair the fabric of our nation. 

    Schools

    [redacted political content]

    … schools roofs are crumbling….  

    … and millions of children are facing the very same backdrop as I did. 

    I will be the Chancellor that changes that.  

    So today, I am providing £6.7bn of capital investment to the Department for Education next year… 

    … a 19% real-terms increase on this year. 

    That includes £1.4bn to rebuild over 500 schools in the greatest need… 

    … including St Helen’s Primary School in Hartlepool, and Mercia Academy in Derby… 

    … and so many more across our country. 

    And we will provide a further £2.1bn to improve school maintenance, £300m more than this year… 

    … ensuring that all our children can learn somewhere safe… 

    … including dealing with RAAC affected schools in the constituencies of my HFs the members for Watford, Stourbridge, Hyndburn, and beyond.   

    Alongside investment in new teachers… 

    … and funding for thousands of new breakfast clubs… 

    … this government is giving our children and young people the opportunities that they deserve.   

    NHS 

    Madam Deputy Speaker, I come to our most cherished public service of all: our NHS.

    [redacted political content]

    In our first week in office, he commissioned an independent report into the state of our health service by Lord Darzi.  

    Its conclusions were damning.  

    While our NHS staff do a remarkable job, and we thank them for it… 

    … it is clear that, that in so many areas… 

    … we are moving in the wrong direction.  

    100,000 infants waited over 6 hours in A&E last year.  

    350,000 people are waiting a year for mental health support. 

    Cancer deaths here are higher than in other countries.  

    It is simply unforgiveable. 

    In the Spring, we will publish a 10 year plan for the NHS… 

    … to deliver a shift from hospital to community… 

    … from analogue to digital… 

    … and from sickness to prevention. 

    Today, we are announcing a downpayment on that plan…  

    …  to enable the NHS to deliver 2% productivity growth next year. 

    These reforms are vital.  

    But we should be honest.  

    The state of the NHS we inherited… 

    … after – and I quote Lord Darzi – “the most austere decade since the NHS was founded” –  

    … means reform must come alongside investment. 

    So today… 

    … because of the difficult decision that I have taken on tax, welfare and spending… 

    … I can announce… 

    … that I am providing a £22.6bn increase in the day to-day health budget… 

    … and a £3.1bn increase in the capital budget… 

    … over this year and next year. 

    This is the largest real-terms growth in day to day NHS spending outside of Covid since 2010.  

    Let me set out what this funding is delivering.  

    Many NHS buildings have been left in a state of disrepair. 

    So we will provide £1 billion of health capital investment next year to address the backlog of repairs and upgrades across the NHS.  

    To increase capacity for tens of thousands more procedures next year… 

    … we will provide a further £1.5bn… 

    … for new beds in hospitals across the country…  

    … new capacity for over a million additional diagnostic tests… 

    … and new surgical hubs and diagnostic centres … 

    … so that those people waiting for their treatment can get it as quickly as possible. 

    My Right Honourable Friend the Health Secretary will be announcing the details of his review into the New Hospital Programme in the coming weeks… 

    … and publishing in the new year… 

    … but I can tell the House today… 

    … that work will continue at pace to deliver those seven hospitals affected including… 

    … West Suffolk Hospital in Bury St Edmunds… 

    … and Leighton Hospital in Crewe.  

    And finally… 

    … because of this record injection of funding… 

    … because of the thousands of additional beds that we have secured… 

    … and because of the reforms that we are delivering in our NHS…  

    … we can now begin to bring waiting lists down more quickly… 

    … and move towards our target for waiting times no longer than 18 weeks… 

    … by delivering our manifesto commitment for 40,000 extra hospital appointments a week.

    [redacted political content]

    CLOSING 

    Madam Deputy Speaker, the choices that I have made today are the right choices for our country.  

    To restore stability to our public finances. 

    To protect working people. 

    To fix our NHS. 

    And to rebuild Britain.  

    That doesn’t mean these choices are easy. 

    But they are responsible.

    [redacted political content]

    This is a moment of fundamental choice for Britain.  

    I have made my choices.  

    The responsible choices. 

    To restore stability to our country. 

    To protect working people.  

    More teachers in our schools.  

    More appointments in our NHS.  

    More homes being built.  

    Fixing the foundations of our economy. 

    Investing in our future.  

    Delivering change.  

    Rebuilding Britain.

    We on these benches commend those choices… 

    … and I commend this Statement to the House.

    Updates to this page

    Published 30 October 2024

    MIL OSI United Kingdom –

  • MIL-OSI USA News: Fact Sheet: President Donald J. Trump Directs Administration to Advance Lumbee Tribe Recognition

    Source: The White House

    DIRECTING PLAN FOR RECOGNITION OF LARGEST TRIBE EAST OF MISSISSIPPI RIVER: Today, President Donald J. Trump signed a Presidential Memorandum to the Secretary of the Interior to submit a plan to advance full federal recognition of the Lumbee Tribe of North Carolina.

    • The memorandum establishes that it is the policy of the United States to support federal recognition and full tribal benefits for the Lumbee Tribe of North Carolina.
    • It directs the Secretary of the Interior to submit a plan to assist the Lumbee Tribe in obtaining full federal recognition through legislation or other available mechanisms, including the right to receive full federal benefits.  

    FULL FEDERAL RECOGNITION IS LONG OVERDUE:The Lumbee have long been recognized at the state and federal level, but further federal action is required for full federal recognition and the accompanying benefits and protections.

    • The State of North Carolina recognized the Lumbee Tribe in 1885, and in 1956, President Dwight D. Eisenhower signed the 1956 Lumbee Act, which recognized the Lumbee but denied them some federal benefits.
    • Tribes can gain federal recognition by: (1) Act of Congress; (2) the Department of the Interior’s Office of Federal Acknowledgement process; or (3) federal court decision.
      • President Trump’s memorandum directs the Secretary of the Interior to analyze these legal pathways for advancing Lumbee recognition.
    • Federal recognition grants tribes’ certain governmental autonomy, land protections, and access to federal programs and services, like health care through the Indian Health Service.

    DELIVERING ON PROMISE TO SUPPORT RECOGNITION: President Trump promised to support federal recognition of the Lumbee Tribe.

    On September 23, 2024, President Trump stated: “Today, I’m officially announcing that, if I am elected in November, I will sign legislation granting the great Lumbee Tribe federal recognition that it deserves.”

    MIL OSI USA News –

  • MIL-OSI United Kingdom: Sir Mark Walport reappointed as the Royal Society’s Trustee of the British Museum

    Source: United Kingdom – Executive Government & Departments

    The Secretary of State for Culture Media and Sport has reappointed Sir Mark Walport as the Royal Society Nominated Trustee for the British Museum for a four year term from 01 December 2024 to 30 November 2028.

    Sir Mark Walport

    Appointed from 01 December 2024 to 30 November 2028.

    Professor Sir Mark Walport is Vice President and Foreign Secretary of the Royal Society, Chair of the Kennedy Memorial Trust, and Trustee of the Daiwa Anglo-Japanese Foundation. He is the recently retired founding Chief Executive of UK Research and Innovation (UKRI), which is responsible for the public funding of research and innovation.

    He was previously the Government Chief Scientific Adviser (GCSA) and Head of the Government Office for Science from 2013 to 2017. Before these, he was Director of the Wellcome Trust, Professor of Medicine and Head of the Division of Medicine at Imperial College London, and Founder Fellow and first Registrar of the Academy of Medical Sciences.

    Mark received a knighthood in the 2009 New Year Honours List for services to medical research and was elected a Fellow of The Royal Society in 2011 and an Honorary Fellow of the Royal Society of Edinburgh in 2017.

    Remuneration and Governance Code

    Trustees of the British Museum are not remunerated. This appointment has been made in accordance with the Cabinet Office’s Governance Code on Public Appointments. The appointments process is regulated by the Commissioner for Public Appointments. Under the Code, any significant political activity undertaken by an appointee in the last five years must be declared. This is defined as including holding office, public speaking, making a recordable donation, or candidature for election. Sir Mark Walport has not declared any significant political activity.

    Updates to this page

    Published 30 October 2024

    MIL OSI United Kingdom –

  • MIL-OSI Economics: Fiscal Affairs Department’s 60th Anniversary Conference: “60 Years of FAD: The Fiscal Affair Continues”

    Source: International Monetary Fund

    The Fiscal Affairs Department (FAD) of the IMF will celebrate 60 years since it was formed in 1964 with a one-day conference, “60 Years of FAD: The Fiscal Affair Continues,“ on November 4, 2024, in Washington D.C., USA.

    Even as prospects for a global soft landing have improved, fiscal policy continues to struggle with legacies of high debt and deficits, while facing new challenges. Risks to public finances are acute, reflecting the pressures of aging societies, industrial policies, geopolitical tensions, the needs of a greener and more equitable society and now, the threat to labor from AI technologies. Lower medium-term growth prospects have worsened debt dynamics and compounded the risks to fiscal sustainability. Fiscal policy challenges are especially acute in low-income countries, where financing is scarce and limits the ability of governments to support economic and human development.

    In this context, the conference will bring together fiscal policy experts, senior policy makers, and former and current IMF staff. They will look back at the contributions of FAD to the global fiscal policy discourse and its service to the membership. They will discuss the likely evolution of sovereign debt market and the role that public policy can play in making AI beneficial for workers and growth. And they will look ahead to the challenges that will emerge for fiscal policy in the future, and the choices fiscal policymakers will face, especially in low-income and fragile countries. The conference will also be an occasion to celebrate the evolution and impact of FAD’s capacity development (CD) from serving a small section of the membership to covering nearly every corner of the world.

    Agenda

    8:30 A.M. Coffee and refreshments
    9:00 A.M. Opening remarks. Gita Gopinath, First Deputy Managing Director of the IMF, introduced by Vítor Gaspar, Director, Fiscal Affairs Department, IMF.
    9:15 – 10:30 A.M. Sovereign Debt
     Moderator: Ceyla Pazarbasioglu, Director, Strategy, Policy and Review Department, IMF
    Panelists:

    S. Ali Abbas  (Deputy Director, Fiscal Affairs Department, IMF)

    S. Ali Abbas is a deputy director in the IMF’s Fiscal Affairs Department where he supervises the sovereign debt and governance workstreams, and oversees the department’s review of Fund programs in emerging and developing economies, with a focus on Sub-Saharan Africa. He was previously IMF mission chief for the United Kingdom and Jordan, and deputy chief of the Debt Policy Division in the IMF’s Strategy Policy and Review Department. He has been closely involved in several complex Fund programs, and has led reforms to the IMF’s exceptional access lending and debt sustainability frameworks. In 2019, he co-edited Sovereign Debt: A Guide for Economists and Practitioners (OUP), with Alex Pienkowski and Kenneth Rogoff, adding to his earlier published work on post-GFC fiscal policy, the euro area sovereign debt crisis, international tax competition, state contingent debt instruments, fiscal policy and the current account, and government securities markets. Ali is a Rhodes scholar from Pakistan and holds a doctorate in economics from Oxford. He also served as an Overseas Development Institute fellow to the Tanzanian Treasury during 2000–02.

    Carlo Cottarelli (Former Director Fiscal Affairs Department, IMF)

    Carlo Cottarelli, a citizen of Italy, after receiving degrees in economics from the University of Siena and the London School of Economics, worked at the Bank of Italy, ENI and the IMF. He was FAD Director in 2008-13, Commissioner for Public Spending in Italy in 2013-14, IMF Executive Director in 2014-17. He taught at Bocconi University and he is currently Director of the Observatory on the Italian Public Accounts of the Catholic University of Milan, where he also teaches a course of Fiscal Macroeconomics In 2021 he was awarded the honor of First Class Knight Grand Cross of the Order of Merit of the Italian Republic.

    Christoph Trebesch (Professor, Kiel University)

    Christoph Trebesch is a professor at the Kiel Institute for the World Economy and the University of Kiel. His research focuses on international finance and macroeconomics as well as political economy and geopolitics. His research has been published in leading economic journals such as the American Economic Review, the Quarterly Journal of Economics, and the Journal of Political Economy, and is regularly cited in international media, including the New York Times, the Financial Times, and the Wall Street Journal. He directs the CEPR Policy Network on “International Lending and Sovereign Debt” and co-directs the CEPR Network on “Geoeconomics”, for which he organizes an annual high-level conference on geopolitics and economics. He is also the creator of the widely referenced “Ukraine Support Tracker” on military and financial aid flows to Ukraine. In 2023, he was awarded an ERC Consolidator Grant, one of the most prestigious research recognitions in Europe.
    10:30 – 11:00 AM The Surge in FAD’s Capacity Development Delivery (A/V) Moderators:

    Katherine Baer (Deputy Director, Fiscal Affairs Department, IMF)

    Katherine Baer is a Deputy Director in the IMF’s Fiscal Affairs Department (FAD). She oversees FAD’s work in the areas of taxation and public financial management, supervises Capacity Development (CD) delivery in all fiscal areas to countries in the Middle East, North Africa and Centra Asia, oversees FAD’s strategy to strengthen fiscal policies and institutions in the Fragile and Conflict-Affected States, and manages the department’s work on fiscal issues from a gender perspective. Her career at the IMF has focused on strengthening fiscal policies and institutions in member countries across all regions and income levels, and in countries experiencing economic crises. She has been an economist in the U.S. Treasury and an assistant commissioner in the Mexican Tax Administration. She also worked at the World Bank on public finance reforms in Latin America and the Caribbean at the height of the region’s debt crisis in the 1980s. Ms. Baer has many publications relating to public finance and holds a Ph.D. from Cornell University.

    Juan Toro (Deputy Director, Fiscal Affairs Department, IMF)

    Juan Toro is Deputy Director of the IMF’s Fiscal Affairs Department (FAD), in charge of: managing FAD budget, relationship with development partners, overseeing governance and operations of FAD’s capacity development (CD), coordinating FAD’s CD to Europe, and coordinating FAD TA on sustainable development goals. He previously was Assistant Director in charge of the IMF’s revenue administration CD to Europe, Asia, Middle East, and Central Asia.

    He has led and participated in IMF TA missions in taxation in more than 40 countries and has authored and contributed to several analytical papers in taxation. Before joining the IMF in 2007, he was the Commissioner of the Chilean Tax Administration (Servicio de Impuestos Internos, SII) from 2002 to 2006.
    11.00 – 11:30 A.M. Coffee break
    11:30 A.M. – 12:45 P.M. FAD in the Global Discourse
    Moderator: Ruud De Mooij , Deputy Director, Fiscal Affairs Department, IMF
    Panelists:

    Zainab Ahmed (Alternate Executive Director, World Bank)

    Alternate Executive Director from Nigeria from July 2023 to October 2024. A Nigerian national representing – Angola, Nigeria, and South Africa (EDS25). Prior to joining the WBG, Ms. Ahmed has served a:- Minister of Finance, Budget and National Planning (2018- 2023); Minister of State, Ministry of Budget and National Planning (2015 – 2018); Chair of the board of Trustees of the African Union Peace Fund (2019 – 2023). Member of the International Board, Extractive Industries Transparency Initiative (EITI) (2016 – 2019); Executive Secretary and National Coordinator, Nigeria Extractive Industries Transparency Initiative (NEITI) (2010 – 2015); and Managing Director, Kaduna Investment Company Ltd (2009 – 2010).

    Abdulelah Alrasheedy (Deputy Minister of Macro-Fiscal Policies, Ministry of Finance, Saudi Arabia)

    Dr. Abdulelah AlRasheedy is the Deputy Minister for Macro-Fiscal Policies at Ministry of Finance (MOF). Before being named Deputy Minister in March 2024, Dr. AlRasheedy was Assistant Deputy Minister for Macroeconomic Policies Analysis and Acting as General Supervisor of Policy and Consultation Assistant Deputyship.
    Prior to joining Ministry of Finance, Dr. Abdulelah spent 12 years with Saudi Central Bank (SAMA) most recently as Manager of Economic Modeling Division and was SAMA Representative at The International Financial Architecture Working Group.
    Dr. Abdulelah earned a Ph.D.  in economics and statistics from University of Missouri, where he was a Research Scholar at the Global Institute for Sustainable Prosperity.
    In addition to being a Deputy Minister, he is a board member of King Abdullah City for Atomic and Renewable Energy. Also a Ministry of Finance Representative for Financial Sustainability Board. 

    Adam Posen (President, Peterson Institute of International Economics)
    Mark Sobel (U.S. Chairman, OMFIF)

    Mark Sobel is currently US Chair at OMFIF.  He served  nearly four decades at the US Treasury, including as Deputy Assistant Secretary for International and Monetary Affairs from 2000-2015, a position in which he led the Department’s work in preparing G7 and G20 Finance Minister and Central Bank Governor meetings, formulating US positions in the IMF, and coordinating the work of Treasury and regulatory agencies in the Financial Stability Board.  He was also chief US financial negotiator in the G20 from 2008-2015, including for the 2009 London Economic Summit.  From 2015 through early 2018, he was US representative at the IMF. 
    12:45 – 1:00 P.M. FAD Montage (A/V)
    A look back at FAD through the decades.
    1:00 – 2:15 P.M. Lunch (by invitation)
    2:15 – 3:30 P.M. Public Policy for AI
    Moderator: Era Dabla-Norris, Deputy Director, Fiscal Affairs Department, IMF
    Panelists:

    Simon Johnson (Professor, MIT Sloan School of Management & 2024  Nobel Prize Winner in Economics )

    Simon Johnson is the Ronald A. Kurtz (1954) Professor of Entrepreneurship the MIT Sloan School of Management, where he is head of the Global Economics and Management group. At MIT, he is also co-director of the Shaping the Future of Work Initiative and a Research Affiliate at Blueprint Labs. In 2007-08, Johnson was chief economist and director of the Research Department at the International Monetary Fund. He currently co-chairs the CFA Institute Systemic Risk Council with Erkki Liikanen. In February 2021, Johnson joined the board of directors of Fannie Mae, where he is vice chair of the audit committee and a member of the risk and capital committee. Johnson’s most recent book, with Daron Acemoglu, Power and Progress: Our 1000-Year Struggle Over Technology and Prosperity, explores the history and economics of major technological transformations up to and including the latest developments in Artificial Intelligence.
    2024 Nobel prize laureate in economic sciences “for studies of how institutions are formed and affect prosperity”

    Branko Milanovic (Professor, City University of New York)

    Research professor at the Graduate Center, City University of New York and senior scholar at The Stone Center on Socio-economic Inequality; Visiting Professor at the Institute for International Inequalities at LSE; was lead economist in World Bank Research Department for almost 20 years and senior associate at the Carnegie Endowment for International Peace in Washington. Milanovic’s main area of work is income inequality, in individual countries and globally, as well as historically among pre-industrial societies. His most recent books are Global inequality: a new approach for the age of globalization which deals with economic and political issues of globalization, and Capitalism, Alone that contrasts inequality and class formation in societies of liberal and political capitalism. In October 2023, he published Visions of Inequality that looks at how income distribution was studied by the most famous economists over the past 200 years. Milanovic was awarded (jointly with Mariana Mazzucato) the 2018 Leontieff Prize.

    Christine Qiang (Global Director, Digital Transformation Global Department, World Bank)
    3.30 – 4:00 P.M. Coffee break
    4:00 – 5:15 P.M. The Future of Fiscal Policy
    Moderator: Vítor Gaspar Director, Fiscal Affairs Department, IMF
    Panelists:

    Jason Furman (Professor, Kennedy School of Government, Harvard University)

    Jason Furman is the Aetna Professor of the Practice of Economic Policy jointly at Harvard Kennedy School (HKS) and the Department of Economics at Harvard University. Furman engages in public policy through research, writing and teaching in a wide range of areas including U.S. and international macroeconomics, fiscal policy, labor markets and competition policy. Previously Furman served eight years as a top economic adviser to President Obama, including serving as the 28th Chairman of the Council of Economic Advisers from August 2013 to January 2017, acting as both President Obama’s chief economist and a member of the cabinet. In addition to articles in scholarly journals and periodicals, Furman is a regular contributor to the Wall Street Journal and Project Syndicate and the editor of two books on economic policy. Furman holds a Ph.D. in economics from Harvard University.

    Ilan Goldfajn (President, Inter-American Development Bank)

    He was elected president of the IDB in November 2022, after serving as director of the Western Hemisphere Department at the International Monetary Fund. Previously, he was governor of the Banco Central do Brasil (2016-2019), where he led several modernization reforms, including promoting financial inclusion through Brazil’s fast digital payment system. He has also held several academic positions and high-ranking roles in Brazil’s financial sector.  In 2017, he was elected Central Banker of the Year by The Banker magazine.  Mr. Goldfajn holds a doctorate in economics from MIT, and master’s degree in economics from the Pontificia Universidade and has taught economics at universities in Brazil and the U.S. He is fluent in four languages.

    Mick Keen (Professor, Tokyo University)

    Michael Keen was formerly Deputy Director of the Fiscal Affairs Department at the International Monetary Fund. He is now Ushioda Fellow at the University of Tokyo. Michael was President of the International Institute of Public Finance from 2003 to 2006, awarded the CESifo Musgrave Prize in 2010, and in 2018 received from the National Tax Association of the United States its most prestigious award, the Daniel M. Holland Medal for distinguished lifetime contributions to the study and practice of public finance. His most recent book, Rebellion, Rascals and Revenues (with Joel Slemrod), aims to use history and humor to convey basic tax principles to a wider audience.
    5:15 P.M. Closing remarks
    Vítor Gaspar (Director, Fiscal Affairs Department )
    6:00 P.M. Adjourn

    Conference Organizing Committee: Katherine Baer (Deputy Director, FAD), Mitali Das (Advisor, FAD), and Andrew Okello (Deputy Division Chief, FAD).

    Conference Coordinators: Agnese de Leo (Administrative Coordinator), Harsha Padaruth (Administrative Coordinator), Luciana Marcelino (Administrative Coordinator) Martha Gaytan Frettlohr (Administrative Coordinator), Sahara De la Torre (Administrative Coordinator), and Sheetal Prasad (Senior Administrative Coordinator) – all FAD.

    The conference (which is in-person only) is open to all Fund employees and invited external guests (registration is required of external guests who will all receive a link to the registration form). Please note that the deadline for registration for this conference is October 25th, 2024. Registered external guests will be required to present photo identification on entering the IMF at 1900 Pennsylvania Avenue, N.W., Washington D.C. For questions regarding the conference, please email FAD_60th_anniversary@imf.org

    MIL OSI Economics –

  • MIL-OSI Security: Japan’s Reports on Conditions at TEPCO’s Fukushima Daiichi Nuclear Power Station, 29 October 2024

    Source: International Atomic Energy Agency – IAEA

    On 29 October 2024, Japan provided the IAEA with a copy of a report on the discharge record and the seawater monitoring results at the Fukushima Daiichi Nuclear Power Station during July, which the Ministry of Foreign Affairs has sent to all international Missions in Japan.

    The report contains information on discharges from the subdrain and groundwater drain systems, as well as on groundwater bypassing conducted during the month of July. In both cases, in advance of the action, TEPCO analyzes the quality of the groundwater to be discharged and announces the results. These results confirm that the radiation level of sampled water are substantially below the operational targets set by TEPCO.

    MIL Security OSI –

  • MIL-OSI: WhiteBIT Surpasses 5 Million Users, Strengthening Its Leadership in Europe’s Crypto Market

    Source: GlobeNewswire (MIL-OSI)

    VILNIUS, Lithuania, Oct. 30, 2024 (GLOBE NEWSWIRE) — As WhiteBIT approaches its 6th anniversary in November, the exchange continues to reinforce its role as a prominent player in Europe’s cryptocurrency sector, driven by a focus on user experience, security, and strategic partnerships. 

    WhiteBIT, one of Europe’s largest centralized crypto exchanges, is proud to announce it has reached a major milestone, exceeding 5 million users. In the past year, WhiteBIT added over 1 million new users, more than doubling its user base since 2022. The platform’s trading volume exceeded $1 trillion across spot and futures markets, and its B2B services now support over 1,000 business clients. This growth reflects the increasing trust in WhiteBIT as a secure platform for digital asset trading among investors. 

    “Our mission from the start has been to make cryptocurrency accessible, secure, and trusted across Europe and beyond. Hitting 5 million users is more than just a number—it’s a validation of our efforts. We keep focusing on continuous innovation and fostering trust in the digital economy,” comments Volodymyr Nosov, CEO of WhiteBIT.

    Growth Fueled by Strategic Partnerships

    Partnerships have been a cornerstone of WhiteBIT’s growth strategy. Collaborations with major football clubs and organizations, such as FC Barcelona, FC Trabzonspor, and the Ukrainian national football team, as well as FACEIT in e-sports have bolstered its brand presence. Moreover, WhiteBIT has established an alliance with Georgia’s Hash Bank.

    For its institutional clients, WhiteBIT has partnered with Fireblocks, a leader in digital asset management, which strengthens its services for businesses looking to expand in the crypto space.

    Expanding Ecosystem and Technological Advancements

    WhiteBIT has also made strategic advancements in blockchain technology, unveiling its rebranded blockchain, Whitechain, which has already processed 50 million transactions and facilitated 25,000 NFTs. Additionally, WhitePool, the exchange’s Bitcoin mining pool, has ranked among the top 15 mining pools worldwide and is now one of the largest mining pool backed by a centralized exchange.

    Global Expansion and Commitment to Security

    WhiteBIT has been rapidly expanding its presence beyond Europe, establishing offices in Australia, Georgia, the UK, and Turkey. With a team of over 1,100 professionals globally, WhiteBIT is steadily growing its international footprint while staying rooted in its Ukrainian origins.

    In its growth, security remains a top priority for WhiteBIT. According to cer.live, the exchange consistently ranks among the top five most secure platforms. Its robust security protocols, including WAF firewalls, strict AML policies, and mandatory KYC procedures, recently earned WhiteBIT the Hacken Security Award 2024 at TOKEN2049 in Singapore.

    WhiteBIT continues to lead in blockchain innovation, fostering technological progress and championing the global cryptocurrency community. As the exchange grows, WhiteBIT empowers users and businesses to embrace digital assets while bridging the gap between traditional finance and the evolving world of cryptocurrency.

    About WhiteBIT

    WhiteBIT, established in 2018, is one of the largest centralized crypto exchanges in Europe. It offers over 600+ trading pairs, 300+ digital assets, and supports 9 national currencies. WhiteBIT is an official partner of the Ukrainian national football team, FC Barcelona, FC Trabzonspor, and FACEIT. The exchange is dedicated to advancing blockchain technology and ensuring compliance with regulatory standards in all jurisdictions where it operates.

    Users can visit:

    Twitter | FaceBook | Instagram | YouTube | LinkedIn | Telegram | Discord | Medium

    Contact

    WhiteBit

    pr@whitebit.com

    The MIL Network –

  • MIL-OSI New Zealand: Crash, Tirau Road, Cambridge

    Source: New Zealand Police (District News)

    Emergency services are currently attending a single truck crash on Tirau Rd (SH1), Cambridge. 

    While there are no reports of any serious injuries, the road is blocked and traffic is building. 

    Please avoid the area if possible, or expect delays. 

    ENDS 

    Issued by Police Media Centre 

    MIL OSI New Zealand News –

  • MIL-OSI USA: A remarkable fossil assemblage gets a new interpretation

    Source: US Government research organizations

    A team of paleontologists recently discovered that an ancient seascape known for its diverse assemblage of exceptionally preserved fossils represents an unexpected oceanic setting, placing the fossils in an environmental context that is dramatically different from other fossil assemblages of the Cambrian age. The team published their findings in the journal, ScienceAdvances.

    Credit: Robert R. Gaines, Pomona College

    The giant trilobite Redlichida rex in outcrop of the Emu Bay Shale.

    The team explored the Emu Bay Shale, exposed across a sea cliff in South Australia, and found its strata — the layers of material settled over time — were deposited in an energetic fan river delta at the edge of a tectonically active rift basin, which forms as two continents move apart from each other. These unique features mean gravel and cobbles were catastrophically deposited into the ocean by debris flows that originated on land.

    “It’s not where you would expect to see delicate, soft-bodied creatures preserved,” Robert Gaines, a professor at Pomona College, said. “The shale’s unique setting hosted a diverse ecosystem with extraordinary fossil preservation, and now we know that the environmental setting exerted a strong influence on the structure of this early animal community.”

    These findings help to explain why the bottom-dwelling fauna was dominated by endemic species, likely inhabiting niche habitats, while swimming species that were unaffected by conditions on the seafloor include cosmopolitan forms seen elsewhere during the same time, like Anomalocaris — a large predator with acute vision and big claws. Emu Bay Shale fossils are associated with the Cambrian Explosion, which marked a massive jump in animal evolution over 500 million years ago that led to all the major animal groupings we have today.

    The Emu Bay Shale and its more studied counterpart, the Burgess Shale in the Canadian Rocky Mountains, are Cambrian Lagerstätten, a German term noting well-preserved organic remains in a rock layer.

    Credit: Robert R. Gaines, Pomona College

    Exposure of the Emu Bay Shale on Kangaroo Island.

    Before these findings, the research community debated whether the Emu Bay Shale represented a shallow or deep environment. The rift basin promoted the short-lived development of deep-water conditions regionally. Specific features associated with the fan river delta, like murky sediment-rich water, helped explain the lack of certain species, like sponges, which are frequently found in the Burgess Shale.

    “At Emu Bay, we see a smorgasbord of sedimentary structure; it told us something different is happening there,” Gaines said.

    MIL OSI USA News –

  • MIL-OSI Global: Colonialism, starvation and resistance: How food is weaponized, from Gaza to Canada

    Source: The Conversation – Canada – By Charles Z. Levkoe, Canada Research Chair in Equitable and Sustainable Food Systems, Lakehead University

    For more than a year, the Israeli state has been engaged in a massive incursion into Gaza following the October 2023 Hamas attack against Israel.

    In March 2024, Francesca Albanese, the United Nations Special Rapporteur on the situation of human rights in the Occupied Palestinian Territories, announced: “There are reasonable grounds to believe that the threshold indicating the commission of the crime of genocide…has been met.”

    A core element of this apparent genocide includes food militarization and weaponization, a tactic that has also been used by Canada to exterminate, dispossess and control Indigenous populations.

    We have come together as a group of critical food systems scholars to examine the parallels between the weaponization of food in Gaza and Canada to bring about the systematic destruction of Indigenous Peoples. But we’ve also observed that food has been a powerful tool of resistance and resurgence.



    Read more:
    Israeli siege has placed Gazans at risk of starvation − prewar policies made them vulnerable in the first place

    Food as a weapon

    Throughout modern history, food has been deployed as a weapon by colonial regimes to control and displace Indigenous populations. The current crisis in Gaza has brought this into sharp focus as the Israeli state has engaged in the systematic destruction of Palestinian food systems, with devastating consequences.

    Israel’s blockade of Gaza, in place since 2007, has cut off access to essential agricultural areas and restricted fishing activities. Gaza farmers are often unable to access their land, while fishers are constantly barred from accessing the coast, harassed, intimidated and even killed by Israeli forces.

    This blockade, combined with military operations that destroy farmland, trees and infrastructure, has resulted in more than 95 per cent of people in Gaza facing severe food insecurity and a famine declared by the United Nations experts in the summer of 2024.



    Read more:
    Starvation is a weapon of war: Gazans are paying the price

    Canada’s use of food weaponization

    Throughout the 19th and 20th centuries, the Canadian government employed similar tactics to restrict Indigenous Peoples’ access to land, food and water. Colonial policies like the Indian Act, the Homesteading Act and the Pass System confined Indigenous Peoples to reserves, prohibited hunting and fishing and forced reliance on inadequate government food rations.

    This led to malnutrition and starvation, particularly in response to Indigenous resistance to settler expansion. The use of food as a weapon was part of a broader project to eliminate or otherwise undermine Indigenous identity and self-determination, a process that continues today.

    From ongoing boil-water advisories to environmental degradation caused by mining, oil and gas extraction, forestry, agriculture and chemical production, settler governments and industries continue to dispossess Indigenous Peoples from their lands and undermine their livelihood.

    These practices have severely and disproportionately impacted Indigenous health and well-being, as well as their food systems.



    Read more:
    Colonialists used starvation as a tool of oppression

    The Scream, by Kent Monkman (2016), was part of a travelling exhibition in 2017 on colonized Canada entitled ‘Shame And Prejudice: A Story Of Resilience.’
    (Courtesy of Kent Monkman)

    Israel targets food infrastructure

    In the occupied Palestinian territories, Israeli control over land and resources reflects a similar colonial dynamic. Laws like the Absentee Property Law of 1950 facilitated the expropriation of Palestinian land.

    Meanwhile, the Israeli military has systematically targeted Gaza’s food infrastructure and used starvation as a weapon of war, according to Human Rights Watch. Satellite imagery shows that 70 per cent of Gaza’s tree cover has been eliminated or damaged, and about one-third of greenhouses have been demolished.

    Tanks and trucks have decimated orchards, field crops and olive groves.

    An estimated 800,000 tonnes of asbestos among the debris of destroyed buildings will result in asbestos-related diseases for generations to come. Under the Geneva Conventions, destruction of civilians’ means of survival and starvation as a tool of warfare is strictly prohibited.

    Food as resistance

    Food has also long been mobilized as a powerful tool of resistance. Among Palestinians, struggles for food sovereignty have played a critical role in self-determination.

    Palestinians continue to cultivate their land under the rubble, grow olive trees despite ongoing violence and maintain food practices that connect them to their lands and their cultural heritage.

    Similarly, Indigenous nations and communities across Canada have used food as a form of resurgence. Alongside land back movements, efforts to revitalize Indigenous food systems — such as hunting, fishing, growing and gathering — are central to movements for Indigenous sovereignty.

    Learning about and enacting traditional food practices are important acts of resistance, as these practices sustain communities, strengthen connections to land and assert rights over the unceded territories Indigenous Peoples are fighting to reclaim. By reclaiming and rebuilding their land and food systems on their own terms, they continue to challenge colonial structures.

    Food, colonialism and resistance

    The destruction of food systems in Gaza and Canada is part of a larger effort of land dispossession and capitalist accumulation. By severing Indigenous Peoples’ connection to their food systems, settlers and colonial regimes have sought to control not only the land but also the people who depend on it.

    Yet, through food sovereignty movements, these same populations are reclaiming their right to self-determination and building global networks of solidarity.



    Read more:
    Indigenous food sovereignty requires better and more accurate data collection

    The struggle for food sovereignty is inseparable from broader struggles for land, justice and self-determination.

    Connecting the dots between the Palestinian territories and Canada provides powerful examples of global colonial relations and struggles for justice and self-determination. It challenges us to critically examine the role of food in these struggles and demand government accountability.

    We wish to acknowledge Mustafa Koç, professor emeritus at Toronto Metropolitan University, as a co-author and to thank Max Ajl, Yafa Al Masri and Justin Podur for contributions to this article.

    Charles Z. Levkoe receives funding from the Social Sciences and Humanities Research Council of Canada and the the Government of Ontario.

    Sarah Rotz receives funding from the Social Sciences and Humanities Research Council of Canada.

    Tammara Soma receives funding from the Social Sciences and Humanities Research Council of Canada.

    Martha Stiegman does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Colonialism, starvation and resistance: How food is weaponized, from Gaza to Canada – https://theconversation.com/colonialism-starvation-and-resistance-how-food-is-weaponized-from-gaza-to-canada-241525

    MIL OSI – Global Reports –

  • MIL-OSI USA: Attorney General James Leads Multistate Coalition Backing National Ban on Price Gouging

    Source: US State of New York

    NEW YORK – New York Attorney General Letitia James today led a coalition of 15 attorneys general urging Congressional leaders to support a ban on price gouging at the national level. While over 40 states ban price gouging, there is no federal law preventing businesses from raising prices to increase their profits on essential goods during an emergency. In a letter to Congressional leaders, Attorney General James and the coalition argued that a national ban on price gouging would give the federal government the power to crack down on price gouging that cannot be stopped by a single state, and allow states and the federal government to work together to stop illegal price gouging in national supply chains. 

    “Businesses should never be able to hike prices during an emergency just to increase their profits,” said Attorney General James. “When companies take advantage of major disruptions and raise prices of food and supplies that New Yorkers rely on, my office holds them accountable, getting people their money back and protecting their wallets. Our federal government should have the same power to protect Americans when disaster strikes and stop price gouging at the national level that threatens both hardworking families and small businesses.” 

    Bans on price gouging let businesses raise prices to cover costs but prevent them from raising prices further solely to increase their profits during an emergency. Attorney General James and the coalition argue in their letter that prohibiting price gouging benefits both consumers and businesses. First, it encourages much-needed production at critical times by only allowing businesses to make more money by selling more products, instead of by raising prices. Second, it prevents businesses from risking long-term harm and reputational damage by overreacting in an emergency and setting prices too high. Third, it discourages hoarding in an emergency, since rising prices can prompt customers to over-buy. Fourth, price gouging bans protect consumers from monopolists who can raise prices without worrying about consumers’ reactions or being undercut by a competitor. 

    The COVID-19 pandemic and the onset of war in Ukraine disrupted supply chains at the national level, creating opportunities for price gouging that were sometimes out of reach from individual states. Attorney General James and the coalition argue in their letter that a federal ban would complement states’ anti-price gouging measures to help stop price gouging at the national level. 

    As Attorney General James and the coalition note, attorneys general have successfully stopped price gouging at the state level, demonstrating a clear need for national enforcement to complement these efforts. In New York, Attorney General James has secured decisive settlements with companies for illegally raising prices during emergencies, including the COVID-19 pandemic. In March and April 2024, Attorney General James distributed over 9,500 cans of baby formula in Buffalo and New York City as part of a settlement with Walgreens for illegally raising prices of baby formula during the 2022 shortage. In May 2023, Attorney General James recovered $100,000 from Quality King for price gouging Lysol products at the beginning of the COVID-19 pandemic. In April 2021, Attorney General James secured 1.2 million eggs for New Yorkers from Hillandale Farms Corporation as part of a settlement resolving a lawsuit brought by the Office of the Attorney General (OAG) in August 2020 for illegally gouging egg prices in the early months of the pandemic. 

    In March 2023, Attorney General James proposed new rules to protect consumers and small businesses by making it easier for OAG to investigate and combat price gouging. Throughout the pandemic, during major disruptions, and ahead of recent declared disasters, Attorney General James has issued consumer warnings against price gouging on essential supplies.

    Joining Attorney General James in sending the letter to Congress are the attorneys general of California, Connecticut, Delaware, Hawaii, Illinois, Maine, Maryland, Michigan, New Jersey, New Mexico, Oregon, Pennsylvania, Vermont, and the District of Columbia.

    MIL OSI USA News –

  • MIL-OSI Global: Can a superstar hippo help save Africa’s rainforests?

    Source: The Conversation – UK – By Will de Freitas, Environment + Energy Editor, UK edition

    The world’s first superstar hippo lives in a zoo in Thailand. Moo Deng shot to fame soon after she was born in July this year, thanks to viral videos that showed off her cute expressions and chirpy demeanour. Yet the story of her species is less happy, and reveals the close links between the extinction and climate change crises.

    Moo Deng is a pygmy hippo, a species native to the forests of west Africa. Unlike their bigger and significantly scarier cousins (regular hippos), the pygmys are secretive creatures, who like to conceal themselves in swamps and dense vegetation.

    Today, pygmy hippos are officially listed as endangered. Huanyuan Zhang-Zheng and Sulemana Bawa, conservationists at the University of Oxford, point out that 80% of their native forests have been lost. Just 2,500 remain in the wild.



    Read more:
    Moo Deng: the celebrated hippo’s real home has disappeared – will the world restore it?

    “Cocoa production is probably the biggest cause of forest loss,” they write, “then gold mining and unsustainable logging. These activities now encroach on forest reserves and other supposedly protected areas.”


    This roundup of The Conversation’s climate coverage comes from our award-winning weekly climate action newsletter. Every Wednesday, The Conversation’s environment editor writes Imagine, a short email that goes a little deeper into just one climate issue. Join the 35,000+ readers who’ve subscribed.

    You probably didn’t want to hear this (I certainly didn’t) but it seems chocolate is helping wipe out the pygmy hippo. This pressure is unlikely to let up any time soon: the Ivory Coast, home of most of these hippos, is also the world’s number one cocoa exporter.

    But it was another passage in their article which really caught my eye. Zhang-Zheng and Bawa wrote: “West Africa’s forest loss is particularly heartbreaking as research shows that a remaining patch may be the most productive on Earth, surpassing even the Amazon rainforest.” (Productive, in this context, refers to how much plant growth there is).

    Before extensive fieldwork beginning in 2016, researchers had underestimated the value of west African forests, particularly their capacity to store carbon and thereby offset global warming. This oversight was partly the result of these forests being hidden by clouds, which makes satellite observation difficult, and their relative neglect by western researchers compared with other ecosystems elsewhere.

    This made me wince. Has The Conversation been part of this neglect? After all, Jack and I have edited dozens of articles on the Amazon and its role in the climate system, but relatively few on forests in Africa.

    Researchers are doing their best to highlight how important these forests are for the climate. Here’s one of them, Michele Francis of Stellenbosch University in South Africa, writing about her research on a “sacred forest” in Togo, west Africa: “My calculations showed that one hectare of forest [about two and a half football pitches] is able to permanently remove as much carbon dioxide from the atmosphere as is released by a power station burning nearly 16 tonnes of coal.”



    Read more:
    ‘Sacred forests’ in West Africa capture carbon and keep soil healthy

    African forest elephants, like this one in the Republic of Congo, are smaller than their cousins on the savanna.
    Roger de la Harpe / shutterstock

    But Africa’s biggest forest by far is found a thousand miles to the south east, in the Congo Basin. The world’s second largest rainforest is almost half the size of the Amazon yet has only a small portion of its global fame.

    As the forest is underresearched, there are still huge discoveries to be made. Back in 2017, Simon Lewis and Greta Dargie of the University of Leeds lead a UK-Congolese team who first mapped out an England-sized tropical peatland – the world’s largest – under marshy wetlands deep in the jungles of Congo. They wrote about this for The Conversation at the time:

    After 17 days, covering just 1.5km a day, we finally reached the centre of the swamp between two of the major rivers. Our reward was not only the knowledge that these peatlands are indeed vast. We also found ever-deeper peat, reaching up to 5.9m, roughly the height of a two-storey building.



    Read more:
    How we discovered the world’s largest tropical peatland, deep in the jungles of Congo

    Peat is made of partially-decomposed plant matter and can store extraordinary amounts of carbon. Lewis and Dargie “found 30 billion metric tonnes of carbon stored in this new ecosystem that nobody knew existed. That’s equivalent to 20 years of current US fossil fuel emissions.”

    This rainforest, and its huge carbon stores, are under threat. In 2022, Lewis, writing with his Leeds colleague Bart Crezee, warned that plans to drill for oil in the Democratic Republic of Congo could be “the beginning of the end for these peatlands”.



    Read more:
    Congo peat swamps store three years of global carbon emissions – imminent oil drilling could release it

    They updated their map of Congolese peatlands and overlayed it on a map of proposed oil concessions. They discovered:

    The upcoming sale of rights to explore for fossil fuels includes close to 1 million hectares of peat swamp forest. If destroyed by the construction of roads, pipelines and other infrastructure needed to extract the oil, we estimate that up to 6 billion tonnes of CO₂ could be released, equivalent to 14 years’ worth of current UK greenhouse gas emissions.

    In late 2023, DR Congo postponed its plans to drill for oil. It seems the scientists really were listened to – for the time being at least.

    Yet oil drilling is only one threat, in one corner of a vast forest. Researchers lead by Judith Verweijen of the University of Antwerp have written about the armed conflicts and industrial mining affecting the eastern end of the same Congo Basin.



    Read more:
    Mining and armed conflict threaten eastern DRC’s biodiversity in a complex web

    The mines, for instance, degrade the soil and pollute the water, and trees must be cleared to make way for them.

    But Verweijen and colleagues say there are also indirect effects that “stem from the construction of new roads to make mining sites accessible, and population growth in the vicinity of mines. This leads to further natural resource exploitation, such as fuel and construction wood extraction, bushmeat hunting and shifting agriculture.”

    None of this has caused the same global outcry as fires in the Amazon or palm oil deforestation in Indonesia. What might fix that?

    Back to Moo Deng. Many conservation academics will tell you that a single well-known species can be the key to saving an entire ecosystem and its often boring-but-crucial biodiversity. Protect the tigers, pandas or pygmy hippos, and you’ll also ensure the survival of the worms, ants and peat bogs.

    If it takes a viral hippo to at least cast some attention on the disappearing rainforests of Africa, then so be it.

    – ref. Can a superstar hippo help save Africa’s rainforests? – https://theconversation.com/can-a-superstar-hippo-help-save-africas-rainforests-242481

    MIL OSI – Global Reports –

  • MIL-OSI USA: South Carolinians Affected by Hurricane Helene Can Apply for FEMA Assistance and SBA Disaster Loan at the Same Time

    Source: US Federal Emergency Management Agency

    Headline: South Carolinians Affected by Hurricane Helene Can Apply for FEMA Assistance and SBA Disaster Loan at the Same Time

    South Carolinians Affected by Hurricane Helene Can Apply for FEMA Assistance and SBA Disaster Loan at the Same Time

    In addition to applying for FEMA assistance, homeowners and renters in designated South Carolina counties have the option to apply for a low-interest disaster loan from the U.S. Small Business Administration at various stages of their recovery. While FEMA doesn’t require survivors to apply for an SBA loan before being considered for FEMA assistance, the SBA can offer financial support to individuals and business owners to aid their recovery.Homeowners and renters in Abbeville, Aiken, Allendale, Anderson, Bamberg, Barnwell, Beaufort, Cherokee, Chester, Edgefield, Fairfield, Greenville, Greenwood, Hampton, Jasper, Kershaw, Laurens, Lexington, McCormick, Newberry, Oconee, Orangeburg, Pickens, Richland, Saluda, Spartanburg, Union and York counties and the Catawba Indian Nation can apply for federal assistance.How To Apply for FEMA AssistanceThe quickest way to apply is to go online to DisasterAssistance.gov.To get in-person assistance, you can visit any Disaster Recovery Center. To find a center close to you, please go to fema.gov/drc or text “DRC” and a Zip Code to 43362. You can also apply using the FEMA App for mobile devices or calling toll-free 800-621-3362. The telephone line is open every day. Help is available in many languages. If you use a relay service, such as Video Relay Service (VRS), captioned telephone or other service, give FEMA your number for that service. For a video with American Sign Language, voiceover and open captions about how to apply for FEMA assistance, select this link FEMA programs are accessible to survivors with disabilities and others with access and functional needs. FEMA assistance is available for people with disabilities and others with access and functional needs.How To Apply for SBA Disaster LoansThe SBA offers disaster loans to assist businesses, private nonprofits, homeowners and renters with their recovery. Homeowners and renters are eligi­­ble to apply for disaster loans to repair or replace disaster-damaged or destroyed real estate and damaged or destroyed personal property. Businesses and nonprofits are eligible to apply for loans to cover physical damage. Economic Injury Disaster Loans (EIDLs) are also available to qualified businesses and nonprofits to help meet working capital needs caused by the disaster.
    dalton.kramer
    Wed, 10/30/2024 – 18:38

    MIL OSI USA News –

  • MIL-OSI USA: Attorney General Bonta to Congress: A Federal Price Gouging Prohibition Protects Families, Small Businesses

    Source: US State of California Department of Justice

    OAKLAND — California Attorney General Rob Bonta today joined 16 attorneys general in supporting a federal prohibition on price gouging. While 40 states across the country, including California, ban price gouging, there is no federal price gouging prohibition. Because so many product supply chains are nationwide, states face heightened challenges when protecting consumers from price gouging. A complementary federal price gouging prohibition would provide critical partnership to state enforcement, protect both consumers and small businesses, and strengthen existing state laws.

    “During and after a crisis, it is unfair — and harmful to our economy —for companies to reap higher profits for selling goods and services that families need to survive. That is why California’s price gouging law protects Californians during and after wildfires, severe weather storms, and other emergencies,” said Attorney General Bonta. “A federal price gouging prohibition that complements state law would build on successful partnerships between states and the federal government to protect consumers by making it easier to enforce price gouging prohibitions nationally, up the supply chain. This would benefit California consumers and small businesses who currently bear the brunt of their suppliers’ price setting.”

    Price gouging refers to sellers who take unfair advantage of consumers during an emergency or disaster by greatly increasing prices for essential consumer goods and services. Price gouging prohibitions are not price caps; prohibitions place temporary limits on a business’s ability to raise its profits on essential goods in a crisis. Price gouging prohibitions allow businesses to raise prices to cover costs, but those price increases should not result in an increase in their profits.

    In the letter, the attorneys general explain that the current gap in federal regulations allows larger companies outside of state control to raise prices and pass down costs to smaller businesses. Without a federal prohibition, consumer-facing retailers — often small businesses — bear the burden of reputational and legal consequences of crisis-induced higher prices, even when the most significant price gouging activity may be happening up the supply chain. A federal price gouging prohibition that complemented state prohibitions would allow federal enforcement agencies, such as the Federal Trade Commission, to identify and restrain irrational price increases throughout the entire supply chain.

    In the letter, the attorneys general argue that price gouging laws have key benefits that strengthen the economy. Price gouging laws:

    • Prevent inefficient pricing overreactions in the heat of a crisis. Setting prices too high may damage a business’s reputation and harm long-term profitability.
    • Encourage the production of essential supplies. Increasing production and selling more products, instead of selling the same amount at a higher price, allows businesses to increase their gross profits but not their profit margins and helps ensure people have enough essential supplies at reasonable costs.
    • Prevent hoarding. Encourages businesses to directly limit inefficient over-consumption.
    • Keep prices competitive. If consumers have no choice but to buy an essential product from one particular seller, price gouging prohibitions can restrain high prices for products where there is very little competition. 

    In sending today’s letter, Attorney General Bonta joined the attorneys general of New York, Connecticut, Delaware, Hawaii, Illinois, Maine, Maryland, Massachusetts, Michigan, Oregon, New Jersey, New Mexico, Pennsylvania, Vermont, and the District of Columbia. 

    In California, price gouging during a state of emergency is illegal under Penal Code Section 396. Californians who believe they have been the victim of price gouging should report it to their local authorities or to the Attorney General at oag.ca.gov/report.

    For additional information, please see DOJ’s FAQs on price gouging here.

    A copy of the letter can be found here.

    MIL OSI USA News –

  • MIL-OSI: MEF Honors Industry Leaders at GNE 2024

    Source: GlobeNewswire (MIL-OSI)

    DALLAS, Texas, Oct. 30, 2024 (GLOBE NEWSWIRE) — MEF, a global industry association of network, cloud, security, and technology providers accelerating enterprise digital transformation, today announced winners of its 2024 MEF NaaS Excellence Awards. These awards recognize outstanding achievements by service providers, technology providers, and professionals pioneering the future of digital services in an ecosystem optimized for a cloud-driven experience.

    Winners were unveiled at MEF’s Global Network-as-a-Service Event (GNE) happening this week in Dallas, Texas and selected by a distinguished panel of senior industry analysts from ACG Research, Analysys Mason, Appledore Research, Atlantic-ACM, AvidThink, Dell’Oro Group, Frost & Sullivan, IDC, Omdia, TeleGeography, and Vertical Systems Group. 

    “We are thrilled to announce the winners of the 2024 MEF NaaS Excellence Awards, celebrating the visionaries advancing the automated network ecosystem,” said Nan Chen, CEO, MEF. “As the industry shifts toward dynamic, cloud-based service models, these awards recognize the achievements of the companies and individuals whose dedication and innovation are shaping the future of digital communications. This year’s honorees exemplify leadership and commitment to a future-ready, cloud-optimized ecosystem.”

    2024 MEF Excellence Awards Winners

    Service Provider Category:

    NaaS Service Provider of the Year

    • Global – Colt Technology Services
    • Europe – Colt Technology Services
    • North America – Lumen Technologies
    • Asia Pacific – Console Connect
    • Latin America – Ufinet

    Best NaaS Vision

    • Colt Technology Services

    MEF 3.0 CE Service Provider of the Year

    • Global – Tie: Verizon Business and Tata Communications
    • Europe – Comcast Business
    • North America – Verizon Business
    • Asia Pacific – Tata Communications
    • Latin America – Ufinet

    Secure Access Service Edge (SASE) Service Provider of the Year

    • Global – AT&T
    • Europe – Sparkle
    • North America – AT&T
    • Asia Pacific – Tata Communications
    • Latin America – Cirion Technologies

    SD-WAN Service Provider of the Year

    • Global – AT&T
    • Europe – Colt Technology Services
    • North America – AT&T
    • Asia Pacific – Tata Communications
    • Latin America – Cirion Technologies
    • Middle East / Africa – CMC Networks

    Service Automation Leadership

    • Global – AT&T
    • Europe – Colt Technology Services
    • Asia Pacific – Console Connect
    • Latin America – Orchest Technologies

    Best Services Ecosystem Automation Platform

    • Colt Technology Services

    Technology Provider Category:

    Network Technology Vendor of the Year

    Best NaaS Vision

    SASE Vendor of the Year

    SD-WAN Vendor of the Year

    LSO Solution Provider of the Year

    Most Impactful Service Automation Vendor

    • Netcracker Technology

    Most Innovative Service Automation Vendor

    • InsidePacket

    NaaS Accelerator Live Best of Show

    • Silent Comet – Amartus, NTT Communications, Tata Communications

    Professional Awards:

    MEF Distinguished Fellow

    • Isabelle Morency, Head of Engineering and Standards, Iometrix

    Michael Howard Industry Impact Award

    • Roy Chua, Founder and Principal Analyst, AvidThink

    Industry Executive of the Year

    • Kelly Ahuja, CEO, Versa Networks

    For more information, please visit https://www.mef.net.

    About MEF 
    MEF is a global consortium of service, cloud, cybersecurity, and technology providers collaborating to accelerate enterprise digital transformation. It delivers standards-based frameworks, services, technologies, APIs, and certification programs to enable Network-as-a-Service (NaaS) across an automated ecosystem. MEF is the defining authority for certified Lifecycle Service Orchestration (LSO) business and operational APIs and Carrier Ethernet, SASE, SD-WAN, Zero Trust, and Security Service Edge (SSE) technologies and services. MEF’s Global NaaS Event (GNE) convenes industry leaders building and delivering the next generation of NaaS solutions. For more information about MEF, visit MEF.net and follow us on LinkedIn and Twitter.  

    Media Contact: 
    Melissa Power 
    MEF 
    pr@mef.net

    The MIL Network –

  • MIL-OSI Russia: SUM Renews Traditions: The University Hosted the D.S. Lvov National Economic Forum

    Translation. Region: Russian Federation –

    Source: State University of Management – Official website of the State –

    On October 30, 2024, the National Economic Forum named after D.S. Lvov was held at the Information Technology Center of the State University of Management, within the framework of which a new master’s educational program of the Eurasian Network University “Economics of Integration Processes in the Eurasian Economic Union” was opened.

    The plenary session was attended by: Vice-Rector of the State University of Management Maria Karelina, Co-Chair of the Forum, Corresponding Member of the Russian Academy of Sciences, Head of the Department of Institutional Economics of the State University of Management Georgy Kleiner, Corresponding Member of the Russian Academy of Sciences, Director of the Central Economics and Mathematics Institute of the Russian Academy of Sciences Albert Bakhtizin, Head of the Scientific Direction “Macroeconomics and Institutional Theory” of the Central Economics and Mathematics Institute of the Russian Academy of Sciences Viktor Dementyev, Director of the Department of Support of New Businesses of the State Corporation “Rosatom” Dmitry Baidarov, Academician of the Russian Academy of Sciences, Head of the Department of Economic Policy and Economic Measurements of the Institute of Economics and Finance of the State University of Management Sergey Glazyev. The moderator was Director of the IEF of the State University of Management Galina Sorokina.

    The renewal of the tradition of holding the Forum will allow the State University of Management to advance in economic science. This was stated by the Vice-Rector of the State University of Management Maria Karelina. Addressing all participants, students of Academician Dmitry Lvov and future economists, she also noted that this decision will contribute to interdisciplinary research, which is especially relevant today.

    It should be noted that this year marks the 70th anniversary of Dmitry Lvov’s graduation from the Moscow Ordzhonikidze Engineering and Economics Institute (now the State University of Management). The head of the Department of Institutional Economics at our university, Georgy Kleiner, delivered a report to the audience. Georgy Borisovich drew attention to the fact that not many economists offered their economic paradigm to the world. Academician Lvov saw the essence of economics in the fusion of material factors, spiritual quests, emotions and institutional influences. It is thanks to this science that we are a society. A person is not only the main resource of the economy, but also a beneficiary, a source of progress. He should not be a hostage to the economic system, but a part of it. Dmitry Lvov’s key idea was that the economy should be a link between man and humanity. It was to study such global issues that Academician Lvov created the first Department of Institutional Economics in Russia at the State University of Management.

    During the active work of Dmitry Lvov, the Internet had not yet penetrated into all spheres of life, but today the academician’s speeches would be constantly on everyone’s lips, because he outraged the space with uncomfortable questions. This was very subtly noted by the director of the Central Economics and Mathematics Institute of the Russian Academy of Sciences, Albert Bakhtizin. Back in 2004, he drew attention to the depopulation of Russia, the unfair division of resources, noted the importance of contacts with China, described the instruments of pressure of the USA on other countries, that is, he saw the contours of the future world order. The speaker analyzed modern economic problems in detail, in particular, he noted that even experts in the USA understand how harmful excessive dollarization is for the world economy.

    Viktor Dementyev, head of the Macroeconomics and Institutional Theory research department at the Central Economics and Mathematics Institute of the Russian Academy of Sciences, gave a report on the topic of “The Resilience of Russian Regional Economies under Different Shocks.” According to him, the modern economy has experienced four shocks: the Great Recession of 2009, the sanctions wave of 2015, the pandemic, and, of course, the second wave of sanctions, which is still ongoing. Research has shown that entities that are resilient to one shock are also resilient to others. But at the same time, methods for successfully overcoming one crisis do not always work under another.

    Dmitry Baidarov, Director of the Department for Support of New Businesses at the Rosatom State Corporation, expressed the opinion that economic challenges facing Russia did not appear after the start of the SVO or during the pandemic – they have always been there, it’s just that the attitude towards them was different before. The history of Rosatom shows that if you pay attention to a gap in the economy in time, you can quickly and effectively fill it. For example, the corporation currently fulfills 88% of global orders for the construction of nuclear power facilities. Dmitry Baidarov regretfully noted that the paradigm of a competitive rather than a partnership economy, imported from outside, still prevails in Russia. The speaker said that Rosatom only realized two years ago how much engineers and economists are needed in production, and there are almost none left on the labor market, so the focus of the State University of Management on training just such specialists is very timely.

    Sergey Glazyev, Head of the Department of Economic Policy and Economic Measurements at the Institute of Economics and Finance at the State University of Management, said that Dmitry Lvov was his academic advisor, with whom they substantiated the priorities of Russia’s new economic development and discussed the need to create state corporations as opposed to the fragmentation of production cycles. China has followed this path and achieved a lot, and we are facing dynamic catch-up, which is also impossible without the creation of state corporations. For an economic breakthrough, we need not just a sharp increase in investment, but targeted investment lines. The experience of Asian economies shows that this is the only way it works. If we followed the ideas of Lvov, who claimed that money cannot be a moral value and the core of the economy, we would already be world leaders along with India and China, where this is carefully monitored.

    The second part of the plenary session was no less interesting and productive. It was dedicated to the opening of the educational program of the Eurasian Network University “Economics of Integration Processes in the Eurasian Economic Union”.

    The program was presented by the Vice-Rector of the State University of Management Dmitry Bryukhanov, who noted that questions about the “fifth freedom”, freedom of knowledge, are becoming increasingly loud today, so the opening of the new program is fully supported by the Ministry of Science and Higher Education of the Russian Federation and Rossotrudnichestvo. The Vice-Rector reported that the program was developed with the assistance of the Eurasian Economic Commission and about 20 master’s students have already been enrolled, and training will start this week. The process will be hybrid, for which a special information environment has been developed.

    One of the developers of the program, Deputy Director of the Department of Macroeconomic Policy of the Eurasian Economic Commission Kanybek Azhekbarov wished all applicants good studies and drew the attention of those gathered to the fact that the program was created on the basis of additional professional education, which has already trained 40 specialists.

    The head of the program, Sergey Glazyev, thanked the Ministry of Science and Higher Education of the Russian Federation, the government of Kyrgyzstan and the State University of Management for their support. He shared plans to expand the program and noted that the Eurasian Economic Union and its labor market cannot effectively exist without a common educational space, and the State University of Management is an excellent platform to begin forming it.

    At the end of the new program, students were presented with a symbolic pass to the State University of Management. After the break, the Forum continued in sections and round tables.

    Subscribe to the TG channel “Our GUU” Date of publication: 10/30/2024

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI New Zealand: Dire benefit forecasts show the need for Welfare that Works

    Source: New Zealand Government

    A new report that forecasts young people on benefits will spend an average of 20 more years relying on welfare underscores the need for the Government’s reforms, Social Development and Employment Minister Louise Upston says.

    MSD’s latest Benefit System Insights report, released today, which estimates how many future years different groups of beneficiaries will spend on a main benefit over their lifetimes, found little improvement in these projections between 2022 and 2023 after several years of sustained increases.

    The report found the following:

    • It estimated that people under the age of 25 on a main benefit would spend an average of about 20 more years on a benefit over their lifetimes – 39 per cent longer than the estimate was under the National Government in 2017.
    • People under the age of 25 on Jobseeker Support would spend an average of about 18 more years on a benefit over their lifetimes – 49 per cent longer than in 2017.
    • Those under the age of 20 who were receiving a youth benefit would spend an average of about 23 more years on a benefit over their lifetimes – 51 per cent longer than in 2017.
    • Jobseeker Support beneficiaries of all ages who were ‘work-ready’ would spend an average of about 13 more years on a benefit over their lifetimes – 40 per cent longer than in 2017.

    “These findings show how much of a problem welfare dependency has become in recent years and highlight the urgent need for the Government’s Welfare that Works reforms to get more people into jobs,” Louise Upston says.

    “The trend of people spending longer on benefits set in well before the Covid pandemic and was baked in by the time the previous government left office.

    “Our benefit system should be a safety net, not a dragnet that keeps people down. It must be a genuine pathway to employment for those who can work.

    “This Government has greater aspirations for tens of thousands of young New Zealanders than spending roughly half their working-age lives on welfare.

    “That is why we have returned clear consequences for job seekers who don’t fulfil their benefit obligations to prepare for or find work. It’s crucial that young people are taking basic steps to avoid the trap of long-term benefit dependency.

    “We have also introduced more early intervention for young beneficiaries through a new phone-based employment case management service, 2100 more places for young people to get community job coaching, more regular work seminars, and a traffic light system to help them stay on track with their obligations.

    “The work ahead to address the deep-rooted causes of welfare dependency is considerable, but so is this Government’s commitment to support New Zealanders’ aspirations for a better life through work.”

    MIL OSI New Zealand News –

  • MIL-OSI USA: Inside Myanmar with Jason Tower of the USIP – The Diplomat

    Source: United States Institute of Peace

    Jason Tower is the country director of the Burma Program at the United States Institute of Peace (USIP), where he closely follows Myanmar’s civil war, human trafficking, and the industrialization of scam compounds, which have spread across Southeast Asia in recent years.

    He holds unique insights into what is happening on the ground in Myanmar and has authored several reports for USIP over recent years, which include dire warnings about the conflict and the impact this is having on the civilian population.

    A veteran with two decades of experience in regional security, Tower also sounded the alarm on the growth of human trafficking and scam compounds in Myanmar, Cambodia, and Laos, which are “rapidly evolving into the most powerful criminal network of the modern era.”

    Tower spoke with The Diplomat’s Luke Hunt at length about the fall of Myawaddy to anti-regime forces in April and what actually happened afterwards in regards to the Karen National Union and the local Border Force Guard and why many in the rebel camps felt betrayed.

    He also talks about the spectacular failures of the military on the battlefield and China’s expanding role in the conflict as it shores up its own financial and strategic interests – including its oil and gas pipeline that cuts across the country – by drawing ever closer to the junta and its leader Senior Gen. Min Aung Hlaing.

    This includes the complex relationship between the Arakan Army and the Rohingya in Rakhine state where the fighting has been brutal in recent months with the military desperately trying to hang on to what few areas it still controls.

    MIL OSI USA News –

  • MIL-Evening Report: The Moogai could have been a powerful Indigenous horror film – but gets flattened by its own weight

    Source: The Conversation (Au and NZ) – By Ali Alizadeh, Senior Lecturer in Literary Studies and Creative Writing, Monash University

    Elise Lockwood

    Isn’t raising one’s child supposed to be full of joy and laughter? Apparently not, according to the horror genre.

    Consider Mary Shelley’s Frankenstein (1818), one of the earliest and most famous horror novels ever written. It follows a father-like character who creates a child-like progeny, and the former’s failure to love the latter turns the nameless creature into a “monster” in more ways than one.

    Australia is a noteworthy contributor to the sub-genre of parental horror. The Babadook (2014), Relic (2020) and Lake Mungo (2008) are just some Aussie horror films that feature terrified (or terrifying) mums and dads.

    The first half of Jon Bell’s The Moogai made me think it could be in the running for the title of Ultimate Aussie Horror Flick. It is a certifiably Australian horror film. It is also one of very few Indigenous-directed horror films, alongside Tracey Moffatt’s 1993 experimental triptych beDevil.

    Bell’s past credits include work in horror’s sister genre, sci-fi, including for co-writing the script of the acclaimed TV series Cleverman. As with this show, his directorial debut feature fuses a figure from Indigenous spiritual traditions with the modern genre conventions.

    The Moogai is a bad spirit from Indigenous lore that is known to steal children.
    Elise Lockwood

    Being followed by a bad spirit

    The titular figure at the centre of The Moogai is a “bad spirit” from Indigenous lore – “something akin to the boogie man,” Bell said in an interview.

    We first encounter the Moogai – or at least become aware of his ominous presence – in the film’s introductory sequence which recalls the trauma of the forced removals of the Stolen Generations.

    In these scenes, set in 1970, an Indigenous girl runs into a cave in a rural setting to hide from government agents. She and the audience soon realise something very threatening already resides in the cave.

    We hear some heavy breathing, a growl, the girl’s scream and then … cut to 2024, to a posh corporate function in the city, where a bottle of champagne is being uncorked. It’s a terrifically startling cut, and Bell’s incisive use of montage throughout the film is just one facet of his skills as a highly visual filmmaker.

    In one of the most wonderfully disturbing scenes, the protagonist Sarah (Shari Sebbens), not long after having given birth to her second child, cracks open an egg in the kitchen to make breakfast. Inside is a bloody chicken embryo. Unsettled, Sarah throws the egg’s contents in the kitchen sink, but the glistening embryo is alive; it opens its beak and pecks at her fingers.

    This scene of fertility gore succinctly and excellently conveys the film’s central source of horror. Sarah, a successful corporate lawyer, has a Lazarus moment while giving birth. During a brief otherworldly sojourn, the Moogai enters her life to do what the Moogai apparently are known to do: steal children.

    Soon, Sarah’s petrified daughter Chloe (Jahdeana Mary) is mumbling about having seen “that man with the long arms”. Sarah’s estranged biological mother, Ruth (played by a forceful and fascinating Tessa Rose), counsels Chloe: “you look out for that Moogai, baby girl.”

    Shari Sebbens plays the main character, Sarah.
    Elise Lockwood

    Bloodless and thematically heavy

    There’s a clear allegorical, or perhaps metaphorical, association between the demonic entity in The Moogai and the lurid racial policies of Australian governments with regards to the Indigenous. At the same time, the film is careful not to overstate or oversimplify its figurative qualities.

    Sarah is, to be sure, an Indigenous woman fearing for the safety of her children, but she’s not a simple or stereotypical victim. She’s proudly bourgeois, supremely self-important and unabashedly horrible towards those who earn less money than her, including the long-suffering Ruth.

    The Moogai is as much about class – and the horror wealthy folk have of things not always going their way – as it is about maternity, Indigeneity, mental illness and intergenerational conflict.

    It is perhaps due to the these hefty topics that the film starts to become, as it were, somewhat weighty in its second half. While it maintains a degree of dread and includes a few scary moments, its interest in horror recedes. There are, much to my sadness, no scenes of blood and gore – not even when the minor character Ray Boy (Clarence Ryan) is primed to get mauled by the Moogai.

    The Moogai touches on a range of weighty topics from Indigeneity to intergenerational conflict.
    Elise Lockwood

    A toned-down approach to horror

    The final confrontation between the three generations of women and their ghostly tormentor strikes me as something from a fantasy or superhero movie. It seems, for whatever reason, the filmmakers decided to tone down the horror and opt for a restrained offering with an exceedingly positive and heart-warming ending.

    This is a shame, really. If The Moogai had embraced the genre’s darker, more shocking aesthetics, it could have easily earned its place not only alongside recent Australian instant classics such as Talk to Me (2022), but also the year’s best horror films such as The Substance. But it has ultimately settled for a fairly bloodless tale of parental paranoia and cultural dissociation.

    I’m confident viewers who appreciate serious movies with serious themes would approve of the film’s second half. But would these folk deign to see anything that resembles “horror” to begin with?

    Here’s hoping the indisputably talented Jon Bell will continue to work in the genre – and engage with it more wholeheartedly in the future.

    Bell’s directorial debut falls short of embracing the darker side of the horror genre.
    Elise Lockwood

    The Moogai is out in cinemas from October 31.

    Ali Alizadeh does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. The Moogai could have been a powerful Indigenous horror film – but gets flattened by its own weight – https://theconversation.com/the-moogai-could-have-been-a-powerful-indigenous-horror-film-but-gets-flattened-by-its-own-weight-241250

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI Asia-Pac: Amazing, incomparable and unimaginable! Many congratulations to the people of Ayodhya for the grand and divine Deepotsav:PM

    Source: Government of India

    Amazing, incomparable and unimaginable! Many congratulations to the people of Ayodhya for the grand and divine Deepotsav:PM

    After 500 years, this holy moment has come after countless and continuous sacrifice and penance of Ram devotees: PM

    Posted On: 30 OCT 2024 10:44PM by PIB Delhi

    Prime Minister Shri Narendra Modi has extended warm congratulations and heartfelt wishes to the people of Ayodhya and the entire nation on the occasion of the grand and divine Deepotsav celebrations. 

    In a series of tweets, the Prime Minister expressed his joy and pride over the luminous festival being held at Ayodhya, the sacred birthplace of Lord Shri Ram and said 
    “Amazing, incomparable and unimaginable!

    Many congratulations to the people of Ayodhya for the grand and divine Deepotsav! This Jyotiparva at the holy birthplace of Ram Lalla, illuminated by millions of diyas, is going to be emotional. This beam of light emanating from Ayodhya Dham will fill my family members across the country with new enthusiasm and new energy. I wish that Lord Shri Ram blesses all the countrymen with happiness, prosperity and a successful life.
    Jai Shri Ram!”

     

     

    Highlighting the importance of this Diwali he has further said 
    “Divine Ayodhya!

    This is the first Deepawali after Maryada Purushottam Lord Shri Ram has been enthroned in his grand temple. This unique beauty of Shri Ram Lalla’s temple in Ayodhya is going to overwhelm everyone. After 500 years, this holy moment has come after countless sacrifices and continuous sacrifice and penance of Ram devotees. It is our good fortune that we all have become witnesses of this historic occasion. I believe that the life of Lord Shri Ram and his ideals will continue to be an inspiration for the countrymen in achieving the resolution of a developed India.
    Jai Siya Ram!”

     

     

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  • MIL-OSI Asia-Pac: RINL Conducts ‘Grama Sabha’ at Deshapatrunipalem as Part of Vigilance Awareness Week 2024”

    Source: Government of India

    Posted On: 30 OCT 2024 9:45PM by PIB Delhi

    Following guidelines from the Central Vigilance Commission (CVC) and under the direction of RINL’s Chief Vigilance Officer, Dr. S. Karuna Raju, IAS, As part of Vigilance Awareness Week (VAW) 2024, the Vigilance Department of RINL, the corporate entity of Visakhapatnam steel plant  organized a Grama Sabha at  ZP High School Deshapatrunipalem, Parawada Mandalam of Anakapalli district, today.

    Grama Sabhas are conducted in villages to encourage direct, participatory governance. This open forum allows villagers to monitor and evaluate the activities, minimizing corruption and promoting accountability. This also serves as a platform for raising awareness on critical social issues, like anti-corruption during Vigilance Awareness Week. By conducting Gram Sabhas, rural communities can be more actively involved in shaping their development and improving their quality of life. The initiative is aimed to promote awareness about anti-corruption measures, ethical practices, and to foster a culture of integrity in the community.

    Today’s event saw enthusiastic participation, with over 200 attendees, including students, parents, teachers, and local villagers. Officers from the Vigilance Department facilitated the program, working closely with the Headmistress of the school, Smt. R. Sujatha, and community supporter, Sri Jagannadam, to bring together a diverse and engaged audience.

    During the Grama Sabha, Mr. P. Satyanarayana, Senior manager(Vigilance),RINL highlighted the significance of the Vigilance Awareness Week (VAW) 2024 theme and its pivotal role in strengthening the anti-corruption movement. He emphasized the importance of fostering transparency, accountability, and integrity at all levels of society to combat corruption effectively. Mr. Satyanarayana encouraged collective efforts to build an environment that discourages corrupt practices, underlining that each citizen’s active participation is essential to creating a fair and just community. His address inspired attendees to embrace ethical conduct and reinforce the spirit of vigilance for a corruption-free society.

    Students, villagers and RINL officials took the “Integrity pledge” on the occasion.

    The gathering was also addressed by V. Sugunakara Rao, DGM (Vigilance), RINL who highlighted the critical role of transparency and honesty in building a prosperous nation. Headmistress Smt. Sujatha also addressed the attendees, underscoring the importance of ethical values in everyday life. Students and parents openly shared their perspectives, reflecting the strong community engagement fostered by the event.

    Senior Vigilance officers, including S. Kiran Kumar, DGM (Vigilance), K. Rajeswara Rao, AGM (Vigilance), T. Srinivasa Rao, Sr Mgr, were also present and engaged actively with the community.

    Participants expressed heartfelt gratitude for the Vigilance Department’s initiative, appreciating RINL’s commitment to fostering integrity within the community.

    The Gram Sabha not only provided a platform for raising awareness but also strengthened the resolve of the attendees to adopt and promote ethical practices, contributing to the vision of a corruption-free society.

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  • MIL-OSI Asia-Pac: Empowered Committee for Animal Health Reviews Advancements Made in India’s Animal Health Sector

    Source: Government of India

    Empowered Committee for Animal Health Reviews Advancements Made in India’s Animal Health Sector

    Mock Drill Planned to Enhance Operational Readiness for Animal Disease Responses in the Country

    Posted On: 30 OCT 2024 9:41PM by PIB Delhi

    The 8th meeting of the Empowered Committee for Animal Health (ECAH) of the Department of Animal Husbandry and Dairying (DAHD) was held on October 28, 2024, under the chairmanship of Prof. Ajay Kumar Sood, Principal Scientific Adviser to the Government of India, and vice-chaired by Mrs. Alka Upadhyaya, Secretary, DAHD, at Vigyan Bhawan.

    The representatives of Indian Council of Agricultural Research (ICAR), Central Drugs Standard Control Organization (CDSCO), Indian Council of Medical Research (ICMR), Department of Biotechnology (DBT) etc. were present as a member to discuss advancements in India’s animal health sector.

    During the meeting, the department highlighted the efforts and the achievements made so far in regulatory streamlining of animal drugs, vaccines, biologicals, and feed additives. The department also reported significant progress made in various on-going vaccination programs for livestock diseases such as Foot-and-Mouth Disease (FMD), Brucellosis, Peste des Petits Ruminants (PPR), and Classical Swine Fever (CSF) that is receiving 100% central funding under the Livestock Health & Disease Control Program (LH&DCP). Notably, all these vaccines are developed indigenously and manufactured domestically, demonstrating India’s commitment to self-sufficiency and global cooperation in animal health. Furthermore, the Principal Scientific Advisor was also briefed about the progress made on the National Digital Livestock Mission (NDLM), that aims to digitally identify and register all livestock and animal husbandry activities, including vaccination, breeding, and treatment in the country. The digital platform is currently handling over 16 transactions every second, showcasing the program’s extensive reach and efficiency.

    Under the One Health Mission, the department will soon conduct a mock drill focused on animal disease response to improve operational readiness for disease management. Prof. Ajay Kumar Sood also lauded the launch of the $25 million G -20 Pandemic Fund Project recently along with The Standard Veterinary Treatment Guidelines (SVTG) and the Crisis Management Plan (CMP) for Animal Diseases. The Pandemic Fund Project aims to fortify laboratory capacities, enhanced disease surveillance and strengthen human resource to bolster resilience in animal health systems in the country.

     The ECAH also deliberated upon the recently released Poultry Disease Action Plan that lays emphasis on proactive disease management through biosecurity measures, enhanced surveillance, and vaccination protocols, thereby safeguarding both poultry population and public health in India. In response to the High Pathogenic Avian Influenza (HPAI) outbreaks in Kerala in the past, the department has developed a comprehensive strategy to control and contain the disease spread, preventing significant public health hazards. It was informed, during the meeting that Compensation rates for forced culling of poultry  were revised and communicated to all states and UTs during the month of September by the department.

    It was also highlighted that World Organisation for Animal Health (WOAH) has recently recognized ICAR-NIVEDI, Bangalore for PPR and Leptospirosis as WOAH Reference Laboratories in India. Previously, ICAR-NIHSAD, Bhopal (for Avian Influenza) and KVFSU, Bangalore (for Rabies) have already been given this recognition highlighting DAHD’s continued commitment to enhancing animal health.

    Empowered Committee on Animal Health

    Established in 2021, ECAH serves as DAHD’s think tank, providing evidence-based insights and policy recommendations on national health programs, emerging disease threats, One Health initiatives, and regulatory frameworks for veterinary vaccines, drugs, and biological.

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  • MIL-OSI Asia-Pac: Prime Minister expresses happiness on Thailand PM Paetongtarn Shinawatra’s gesture

    Source: Government of India

    Posted On: 30 OCT 2024 9:38PM by PIB Delhi

    The Prime Minister, Shri Narendra Modi has expressed his  happiness on the gesture of Thailand PM Paetongtarn Shinawatra. H.E. PM Paetongtarn Shinawatra, inaugurated the Amazing Thailand Diwali Festival 2024, today, at Pahurat, Little India, Bangkok. PM has expressed his  best wishes for the Amazing Thailand Diwali Festival. It will deepen the cultural bonds between India and Thailand, says the PM. 

    The Prime Minister posted on X:

    “Delighted by PM Paetongtarn Shinawatra’s gesture. My best wishes for the Amazing Thailand Diwali Festival. May it deepen the cultural bonds between India and Thailand.” 
    @ingshin

     

     

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  • MIL-OSI Asia-Pac: Prime Minister interacts with young civil servants during Aarambh 6.0

    Source: Government of India (2)

    Prime Minister interacts with young civil servants during Aarambh 6.0

    PM urges the young civil servants to improve ‘Ease of Living’ for citizens

    Posted On: 30 OCT 2024 9:13PM by PIB Delhi

    The Prime Minister, Shri Narendra Modi has interacted with young civil servants during Aarambh 6.0. Prime Minister had extensive discussions with young civil servants on improving governance with the spirit of Jan Bhagidari. The importance of having strong feedback mechanisms and improving grievance redressal systems was also highlighted by the PM. The Prime Minister urged the young civil servants to improve ‘Ease of Living’ for citizens.

    The Prime Minister posted on X:
    “Interacted with young civil servants during Aarambh 6.0. We had extensive discussions on how to improve governance with the spirit of Jan Bhagidari. Also highlighted the importance of having strong feedback mechanisms and improving grievance redressal systems. Urged the young civil servants to improve ‘Ease of Living’ for citizens.”

     

     

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  • MIL-OSI Asia-Pac: Prime Minister inaugurates key development works in Kevadia, Gujarat

    Source: Government of India (2)

    Posted On: 30 OCT 2024 9:02PM by PIB Delhi

    The Prime Minister, Shri Narendra Modi has inaugurated key development works in Kevadia, Gujarat. The development works will further enhance the facilities at Kevadia.

    The Prime Minister posted on X:
    “Inaugurated key development works in Kevadia which will further enhance the facilities there.”

     

     

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    MIL OSI Asia Pacific News –